Yahoo leadership, trying to stave off a major clash at its annual meeting on August 1 with activist investor Carl Icahn (pictured here), is contemplating offering him two board seats to assuage him, said several sources close to the situation. The problem? Icahn, who has put up his own new slate of directors to replace Yahoo’s entire current board as part of a proxy fight, wants at least four, sources said. While Icahn has publicly been lambasting Yahoo’s leadership, since he made his investments in the company, getting a larger number of board seats might still give him enough power to make significant changes at the company, including removing CEO Jerry Yang. Icahn has repeatedly said he intends to replace Yang and other Yahoo execs, if he gains power, and also offer Yahoo for sale to Microsoft. Nonetheless, both Icahn and...
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