Icahn Begins Yahoo Board Battle  The billionaire investor
proposed a slate of directors to replace Yahoo's board, but will
Microsoft take the bait?  As if an abbreviated bear hug from
Microsoft (MSFT) weren't enough, Yahoo (YHOO) now has a new foe:
Carl Icahn. The billionaire corporate raider launched a battle
to win control of the board of the embattled Internet pioneer,
nominating a slate of 10 dissident directors that includes
himself.  Icahn outlined his intentions in a May 15 letter to
Yahoo Chairman Roy Bostock, faulting Yahoo for how it handled
the takeover approach from Microsoft, which on May 3 walked
away. "The board of directors of Yahoo has acted irrationally
and lost the faith of shareholders and Microsoft," Icahn wrote.
Expect July 3 Fireworks  In his scolding letter, Icahn says he
was prompted by Yahoo shareholders who hope he'll be able to
negotiate a successful merger with Microsoft. The software maker
abandoned its takeover bid after failing to agree with Yahoo on
a price. Microsoft says i