Yahoo's 11-member board of directors is set at last. In a slight change from what was expected, Carl Icahn's friends Frank J. Biondi, Jr. and John H. Chapple will fill the last couple of available spots. read more

Final word should come by the holiday on whether activist investor Carl Icahn will push for gaining full control of Yahoo's nine-member board, according to sources.

Billionaire Carl Icahn is expected to tone down his attack on Yahoo! dramatically by slashing the number of directors he plans to nominate to join the troubled internet company's board. The activist investor, who owns $1.5bn of Yahoo! stock, launched a proxy fight to replace the internet company's 10-member board last month as it rejected a $46bn takeover bid from software giant Microsoft. ...