Coup d’Microsoft

Microsoft has at last gone hardball in its tactics to acquire Yahoo. The software giant publicly stated it will consider buying Yahoo only if the company’s current board is fired. This plays right into the hand of activist Carl Icahn, who nominated a slate of nine directors to replace the current set. Now Yahoo’s shareholders have no choice but to vote for some of Icahn’s crew. The five months since Microsoft first made its intentions known haven’t been pretty for Yahoo. It’s seen the departure...