Will Yang take a fall?

Carl Icahn and Yahoo’s board of directors each blinked, but it increasingly looks like Yahoo CEO Jerry Yang will end up on the losing end of this debacle. Just to read the details, this is an amicable end to a nasty spat. Yahoo agrees to put Icahn and two of his nominees on its board. Icahn, in turn, agrees to drop his proxy fight to replace Yang as CEO. Interestingly — and wisely — Bobby Kotick, CEO of Activision Blizzard , has decided to get the heck out of Dodge and leaves the Yahoo board. Now Yahoo can hold its long-delayed shareholder meeting on Aug. 1 in relative peace and quiet. But here’s a prediction: Jerry Yang won’t be CEO come year-end. He’s been able to stare down Microsoft and Icahn, but he hasn’t done much of anything for shareholders. (The shares were down 3%, to about $22 Monday. They were at $28 when Yang... [read full story]