Comments on: Yahoo investor backs management if Microsoft trims bid Where media and technology meet Wed, 16 Nov 2016 08:48:25 +0000 hourly 1 By: NewsVisual Wed, 09 Apr 2008 21:20:55 +0000 In its test of wills against Steve Ballmer and Microsoft Corp, the Board of Directors of Yahoo! Inc received critical support from one of its largest shareholders yesterday, the investment-firm Legg Mason Inc, which stated that Microsoft should increase its bid price. “Views of big shareholders like Legg Mason could play a significant role in how the situation plays out,” The Wall Street Journal reported in an article on Wednesday. Yahoo’s Directors could feel strengthened in their position as a result of Legg Mason’s support, and that support could make it more difficult for Microsoft to wage a proxy fight against Yahoo. Nevertheless, Yahoo’s Directors must safeguard against the company overplaying its hand against Microsoft.