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Icahn's Gate Crashers May be Asked To Stay

Publication Date: 
May 21, 2008
Source: 
The Wall Street Journal
Author: 
George Anders

Professor Joseph A. Grundfest is quoted in a Wall Street Journal story about a new slate of Yahoo board of directors that may soon be elected if Carl Icahn gets his wish:

"No one really wants this to come to a vote," says Joseph Grundfest, a Stanford law professor and former commissioner of the Securities and Exchange Commission. Mr. Grundfest speculates that if Yahoo management thinks it might lose a proxy vote, it might opt instead to quickly hammer out the best deal possible with Microsoft.