Financial Times FT.com

Calm descends as Yahoo proxy storm ends

By Chris Nuttall and Richard Waters in San Francisco

Published: July 31 2008 23:18 | Last updated: July 31 2008 23:18

Yahoo’s annual meeting convenes on Friday with Jerry Yang, chief executive, and his board secure in the knowledge they will be re-elected, but knowing they may have won only a temporary reprieve from disaffected investors.

Carl Icahn, the billionaire activist shareholder, defused what little tension remained around the meeting by announcing his non-attendance on Thursday.

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