“Do you let the fox in the henhouse?”

So asked Jerry Yang, co-founder and chief executive of Yahoo, as we chatted for more than an hour one afternoon last week at Allen & Co.’s annual conference.

The fox in question, of course, is Carl Icahn, the activist investor who is trying to oust Yang and the Yahoo board so he can sell the company to Microsoft. “I don’t mean to impugn anyone’s personal integrity,” Yang quickly

added. Let it never be said that Yang lacks manners.

Yahoo — and Yang’s fate — were Topic A at the annual billionaires’ summer camp, as rival moguls gossiped about whether Yahoo would end up in the hands of Microsoft.

While Yang casually smoked a cigar Thursday evening outside of the bar with Richard Parsons, the chairman of day Warner who battled with Icahn two years ago, the debate was raging […]

Orginal post by Top Tech News