No one wants to buy Yahoo. And the only person who wants to run Yahoo is an insider who helped sink it. Is there any hope left for the beleaguered Web giant?

Carl Icahn's proxy battle is officially over, with Icahn adding former Nextel CEO John Chapple and former Universal Studios chairman and CEO Frank Biondi to his minority position on Yahoo's board according to an announcement from the company. "We are pleased to add people of Frank’s and John’s caliber to our board," chairman Roy Bostock said in a prepared statement. Chin up, Roy — at least you still have your seat. [New York Times]

Corporate raider Carl Icahn made his proxy fight for control of the Yahoo board official today, filing an alternative slate with the Securities and Exchange Commission. The slate includes nine of the ten names Icahn already put forward in a letter to Yahoo chairman Roy Bostock. Bob Shaye, former cochairman and co-CEO of the recently defunct New Line Cinema, is no longer on the list. The filing includes a letter from Icahn to Yahoo shareholders in which Icahn urges them to vote for his slate because "Steve" — as in Microsoft CEO Steve Ballmer — told him it would grease the wheels for a deal: "If a new board consisting of my nominees were to be elected,Microsoft would be willing to enter into discussions regarding a transaction immediately." Icahn's proposed slate and its members brief bios, below.

Yahoo CEO Jerry Yang may finally be starting to ease into Microsoft CEO Steve Ballmer's bear hug. But just in case Yang goes suddenly frigid, Ballmer is ready to turn Microsoft's bid to acquire Yahoo from surly to hostile. TechCrunch reports Ballmer has a list of candidates for Yahoo's board ready to go. The stooges, below.