The battle for the heart and soul of Yahoo is shaping up to be a real doozy. In one corner: The Carl Icahn-led hedge fund crowd, with a long list of luminaries that are irate at the Yahoo board for not selling to Microsoft. In the other: Jerry Yang, not exactly a seasoned veteran of proxy wars, and his band of technology industry big wigs. One casualty may have already emerged, with former Yahoo director Edward Kozel stepping down last week for personal reasons. Most people are giving the Wall Street crowd the edge. But it is likely to be a memorable battle. In many ways, it is Silicon Valley, where Yahoo is still something of a darling, versus the cigar-chomping Wall Street guys. Yahoo is definitely the underdog.

For more:
- here's the MarketWatch article

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