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Yahoo Confirms Icahn Proxy Fight

Yahoo has confirmed that billionaire investor Carl Icahn has initiated a proxy fight via an open letter to Yahoo’s board of directors notifying them of his intention to replace the existing board with his own slate of directors.

The proposed board includes: Harvard Law Professor Lucian Bebchuk; Frank J. Biondi, Jr., senior managing director of WaterView Advisors; John Chapple, president of Hawkeye Investments; investor and NBA team owner Mark Cuban; Adam Dell, managing general partner of Impact Venture Partners; Carl Icahn; Keith Meister, principal executive officer and vice chairman of the board of Icahn Enterprises G.P.; Edward H. Meyer, chairman, CEO and chief investment officer of Ocean Road Advisors; private investor Brian S. Posner; and Robert Shaye, co-chairman and co-CEO of New Line Cinema.

The full text of Icahn’s letter is after the jump.

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