Icahn to Yang: I've Got Your Pink Slip

Billionaire investor Carl Icahn wants Jerry Yang out of Yahoo's CEO seat, and has a pink slip waiting if his proxy action to take over the board is successful, reports the Wall Street Journal. Icahn yesterday unleashed a torrent of criticism of Yang’s role in the aborted Microsoft buyout deal—even as a January 2007 $40-a-share offer came to light this week—and says the software giant no longer trusts Yang.

“It's no longer a mystery to me why Microsoft's offer isn't around," Icahn said, referring to a $2.5-billion employee-retention plan he believes Yahoo used to deter a takeover. "How can Yahoo keep saying they're willing to sell the company on the one hand, while at the same time they're completely sabotaging the process without telling anyone?" (More Yahoo stories.)