The proposed board would also prime the company to be suited to a takeover, including dropping a controversial severance plan that most believe was meant to sour Microsoft on a deal. Icahn nonetheless claims to defend Yahoo's worth and would refuse any partial deal that was worth less than the same $33 Microsoft had offered for a full takeover before talks broke down. Microsoft is claimed to have offered just a fraction of that amount for Yahoo's core search business just before Yahoo forced a conclusion to all talks earlier this month.
Yahoo has so far resisted any of Icahn's offers and has publicly called it a diversion from the company's attempts to improve its standing in online search, labeling Icahn's goal of a Microsoft takeover "ill-defined" and arguing that the investor has no plans beyond the sell-off.
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