Jerry Yang practices his proxy-fight politics
Yahoo CEO Jerry Yang and Microsoft CEO Steve Ballmer played golf over the weekend, but neither were able to put the ball in the cup, so to speak. The way Yang put it in his answers to Walt Mossberg's questions at the D6 conference yesterday, a merger between the companies now seems as unlikely as it did the day Ballmer first walked away from negotiating table. "Microsoft is no longer interested in buying the company," Yang said. This news will not please Yahoo shareholders Carl Icahn and his allies, who control at least 29 percent of the company, favor a merger, and have started a proxy fight for control of the company's board. In the above clip, watch how Yang intends to deliver the bad news and fight for his job.