The neverending MicroHoo drama has provided virtual reams of blog posts and endless fodder for speculation. The latest installment involves the question of whether Carl Icahn’s proxy battle for control of Yahoo’s board will see any success. In case you joined this story late, institutional shareholders are frustrated by Yahoo’s unwillingness to take the original Microsoft offer, but may be uncomfortable with Icahn’s apparent lack of a strategy–other than sell to Redmond.
Now some shareholders (a group known as “Yahoo Plan B”) are calling for a compromise and for the election of a split board, with five current Yahoo directors and four Icahn directors.
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