The Week: City News - Icahn leaves Yahoo! board

Carl Icahn, the Yahoo! board member and activist investor who launched a boardroom coup against the company last year, has resigned his place on the board.

He said in a letter to the board that he believed that it was no longer necessary for the internet group to have an activist as a director. He also said that because of interests in a number of other companies, he did not have time to focus on Yahoo!'s affairs. Yahoo!'s new board members include Jim Stengel, the former vice-president of marketing at Procter & Gamble.