Yahoo Core Sale: Will It Or Wont It?

Without going into the boring details of Yahoo’s (YHOO – Analyst Report) sale plans (that investors must know by heart now), let’s jump straight to the question of new board members.

Yahoo appointed two new directors to its board just before a crucial meeting with activist investor Starboard Value. The two positions have been vacant since last year when Max Levchin and Charles Schwab resigned from their positions. Starboard had been pushing for a board seat, which now looks unlikely without a proxy fight (all Yahoo directors are up for re-election later this year and nominations for the new positions are to be filed by Mar 26).