How Peanut Butter Lured Icahn to Yahoo!

As a shareholder, I will be taking the next two weeks to listen to the 20 people up for election for the 10 seats around the board table. May the best group with the best plan to maximize Yahoo!'s price per share win.

What happens next? Yahoo!'s board knows that it's likely to be convicted on a charge of aggravated assault to its shareholders for the last 4 years. They will likely try to cut a deal with Icahn. Although I like fireworks, it wouldn't surprise me if discussions get restarted with Microsoft and a friendly deal gets reached prior to the Yahoo! annual meeting on July 3.

That would be less that two years after Brad Garlinghouse put his massive passion for and frustration with Yahoo! to paper. In this Internet age, ideas can inspire and spread like wildfire. Garlinghouse's memo was supposed to help Yahoo! save itself from the inside-out. Instead, his words, which have led to Carl Icahn's arrival, put the wheels in motion to save itself from the outside-in.