bill - 1:57 am on Jul 8, 2008 (gmt 0)

If this moves forward the speculation is that the current board won't likely be around. The Fool had an intersting article entitled: Dead Yang Walking [fool.com]

Icahn and Microsoft have met over the past week, confirming Microsoft's renewed interest in buying either all of Yahoo! or simply its search business if Icahn is successful in getting his alternate slate of directors elected next month. Yahoo! shares climbed on the news, which is a refreshing change for Yahoo! investors, but a wake-up call for current board members to start clearing their desks.