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Old 07-19-2008, 10:50 AM   #1
LXer
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LXer: Major investor sides with Yahoo board


Published at LXer:

Yahoo Inc.'s board of directors landed its first endorsement from a major institutional shareholder Friday, giving it momentum in the fight with investor-agitator Carl Icahn over control of the Internet company. Bill Miller, who as Legg Mason Capital Management's chief investment officer controls 4.4% of the stock in Yahoo, said he would vote to keep the current board in place instead of backing a dissident slate nominated by Icahn.

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