Carl Icahn's going after the Yahoo board...all ten of 'em

Gooooooooooo Carl!.  Really, those jokers on the Yahoo board all deserve to get the hook.  Carl Icahn has apparently decided to go the proxy fight route and will attempt to lay waste to the entire ten member Yahoo board, as opposed to the easier path of trying to pick off a smaller number of directors.  We don't know if he'll get all of them or any, for that matter --- his goal really isn't taking over the board, but jump starting talks between Yahoo and Microsoft to get a deal done.  Carl bought 50 million Yahoo shares after Microsoft pulled its Yahoo bid.  With the shareholder sentiment such as it is....in general really pissed off -- we would expect that the show of shareholder support will be overwhelmingly in Carl's favor.

We love watching a good fight.  And this one should be classic.

Billionaire investor Carl Icahn is launching a proxy contest to unseat Yahoo Inc.'s board of directors, according to a person close to the matter -- a move aimed at pressuring the Internet company to reach out to Microsoft Corp. to re-start sale discussions.

Mr. Icahn plans to nominate 10 directors to replace Yahoo's board before a deadline Thursday, the person said. Mr. Icahn's nominees will include former Viacom Inc. Chief Executive Frank Biondi, who has worked with Mr. Icahn on other proxy fights.

Some major Yahoo shareholders have expressed disappointment that the Sunnyvale, Calif., company didn't reach a deal to sell to Microsoft, which withdrew its unsolicited offer May 3. Some shareholders have contacted Mr. Icahn to urge him to take action, said people close to the matter. Reuters previously reported Mr. Icahn's decision to proceed with a proxy effort.

Icahn Will Launch Proxy Contest To Unseat Yahoo's Entire Board - Wall Street Journal