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Yahoo has confirmed that billionaire investor Carl Icahn has initiated a proxy fight via an open letter to Yahoo’s board of directors notifying them of his intention to replace the existing board with his own slate of directors.

The proposed board includes: Harvard Law Professor Lucian Bebchuk; Frank J. Biondi, Jr., senior managing director of WaterView Advisors; John Chapple, president of Hawkeye Investments; investor and NBA team owner Mark Cuban; Adam Dell, managing general partner of Impact Venture Partners; Carl Icahn; Keith Meister, principal executive officer and vice chairman of the board of Icahn Enterprises G.P.; Edward H. Meyer, chairman, CEO and chief investment officer of Ocean Road Advisors; private investor Brian S. Posner; and Robert Shaye, co-chairman and co-CEO of New Line Cinema.

The full text of Icahn’s letter is after the jump.

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Just as cheap power delivered over a universal grid revolutionized the processing of physical materials, cheap computing delivered over a universal grid is revolutionizing the processing of informational or intellectual goods. That’s the premise of The Big Switch: Rewiring the World, from Edison to Google, the latest book by Nicholas Carr, former executive editor of the Harvard Business Review.

In today’s SearchDay, “Q&A with Nicholas Carr, author, The Big Switch,” we asked Carr about some of the issues raised in his book, which explores the future of computing and its implications for business and society. Carr will also discuss some of those topics today during his opening keynote at SES New York.

This evening Dave Weinberger author of The Cluetrain Manifesto and a fellow at Harvard’s Berkman Institute for Internet and Society will be a featured speaker at the ClickZ Awards being held at Gotham Hall in New York City. I am seriously looking forward to this gala event and was struck by several coincidences — loose [...]

Three thousand people may not sound like a lot, but it is relatively early in Google’s book scanning endeavor, and that number of Harvard students may be the vanguard of scanned book readership.I’ve often seen an apocryphal figure of 58 percent cited as the percentage of people who never crack open a book after high [...]

I can see how a typo could lead a person to visit Facenook, or perhaps Racebook, on their way to a certain social networking site.  But now Facebook has won a dispute involving Face-book, which was formerly owned by a company known as YOLAPT.
Facebook’s actions may have been entirely unnecessary - the “dash” [...]

If you want to lead a better life, PeopleJam is a social network that’s gung-ho about helping you achieve that goal.  And Stream4 Media and Nightingale-Conant are presumably interested, as well, since they’ve just signed content deals with PeopleJam.
Stream4 Media, a video company, is stepping forward “with more than 500 episodes of programming that [...]

If you’re running for the highest office in the land, it’s probably a good idea to check to see what you’re daughter’s doing, if she’s going to vote for you, and if not, will she be quiet about it? Wouldn’t you double check her social network profiles?What is it with Republican candidate daughters? Bush, Cheney, [...]

Mark Zuckerberg, owner of Facebook, will discover next week whether he faces legal action for claims he stole the idea for the $1bn website.
A US judge will decide next week whether Mark Zuckerberg should go to court after three former classmates accused him of stealing the idea, software and business plan for the social networking [...]

The post-Terry Semel era at Yahoo sees a shakeup at the top of its cross-platform, North America sales team, as Wenda Harris Millard moves from the portal company to Martha Stewart Living Omnimedia.Did Millard jump or was she pushed? Millard had been Yahoo’s chief sales officer, and a member of Yahoo for six years. Yahoo [...]

In an interesting move, Google has partnered with the universities of the Big Ten to offer digitalized versions of text books, according to a CNN report.
Apart from the impact this will have in bonding college students with Google, the integration with universities, faculty as well as students, should have major longterm benefits for Google.
Harvard and [...]