If Carl Icahn's plan to reinvigorate Yahoo!
The shell-shocked online giant appointed Biondi and Chapple to the board last night, joining Icahn at a tumultuous time. Shareholder unrest is percolating, with chairman Roy Bostock receiving just 60.4% of the votes to keep his seat during this month's annual shareholder meeting.
The key here is that Yahoo! isn't irreparably broken. In fact, it may not be broken at all. The company may have posted a dip in profitability this past quarter, but stateside revenue grew at a reasonably reassuring 13% clip. Is it growing as quickly as Google
I like the new appointments. Biondi has the entertainment programming pedigree. Yes, Yahoo! got burned the last time it went Hollywood in bringing in Terry Semel, but Biondi is the kind of sharp media mogul who can be an asset to the boardroom. Chapple's leadership background comes mostly from the wireless arena, which just happens to be a key component of Yahoo!'s turnaround strategy.
At the very least, having fresh faces in the boardroom will keep the rest of the members on their toes, bringing their A game to meetings instead of simply going through the motions.
Icahn's presence doesn't guarantee that change will be for the better. Just ask Blockbuster
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Longtime Fool contributor Rick Munarriz is a fan of Yahoo! and Microsoft, but not of bad weddings. He does not own shares in any of the stocks in this story. Rick is part of the Rule Breakers newsletter research team, seeking out tomorrow's ultimate growth stocks a day early. The Fool has a disclosure policy.