Icahn's Praetorian Guard Marches into Yahoo Boardroom

18 August 2008

SUNNYVALE, California: Two doughty warriors of many a bloody corporate campaign are shortly to march into Yahoo's boardroom and report to their commander-in-chief Carl Icahn – already ensconced in the firm's bunker.

The warrior duo, both former ceos – John Chapple of telco Nextel Partners and Viacom veteran Frank J Biondi Junior – were selected by Yahoo from a list of nine nominees drawn-up by Icahn.

The deal was struck between the corporate raider (who holds 5% of Yahoo's stock) and directors of the beleaguered internet portal after Icahn withdrew his threat to oust the company's entire board at its annual meeting on August 1.

Data sourced from New York Times / Associated Press; additional content by WARC staff