Less than half a month to go before the dreaded Yahoo Shareholders’ meeting, Yahoo’s Jerry Yang and Roy Bostock sent a joint letter to the shareholders urging them to support the current Board.
Nothing fancy or new things has been said in the letter though. The letter updates the shareholders of what the current Yahoo Board has been doing the past couple of days to maximize Yahoo’s value. More particularly on search and display, the Google deal, and its continuing effort to reach a good deal with Microsoft as well as with other companies.
Again, the Yahoo Board explains why the shareholders should disregard Icahn’s involvement and intent in trying to sell Yahoo to Microsoft and his desire to change the current Yahoo Board with his own slate.
Likewise, Yahoo also attacked the “odd collaboration” between Microsoft and Icahn. Underscoring the fact that Microsoft can’t decide what is and isn’t strategically important to its online business and the Microsoft is more interested in destabilizing a key competitor to enhance its competitive competition.
In the Yahoo, calls for the shareholders to vote their WHITE Proxy Card for the current Yahoo Board of Directors.
Will the shareholders listen?