The Journal inexplicably leaves it at that without any context about Jobs’ medical history. It should have expanded on that and it seriously underplayed the health information by putting it in the penultimate paragraph. The Times on C1 is not much better.
Yahoo buys off Icahn with three board seats
Yahoo agreed to give activist investor Carl Icahn three board seats to get him to end his proxy fight with the company over its refusal to sell to Microsoft, the Journal says on A1 and the Times on C1.
Yahoo will probably regret buying off Icahn, who only owns 5 percent of its shares. Here’s what he’s done at Blockbuster, where he owns just 14 percent:
Since he gained control of three seats on what was an eight-person board, the company’s CEO and most of the top management have left. People familiar with the company say Mr. Icahn was able to block one major business venture and delay another for months. The company even holds board meetings in New York, because Mr. Icahn won’t travel to its Dallas headquarters.
The Times says his board power could mean a better chance of a Microsoft deal.