Yang Denounces Microsoft, Icahn Over Proxy Move

Yahoo Inc. Chief Executive Jerry Yang accused Microsoft Corp. of trying to destabilize the Internet company without a real desire to complete a deal, and he responded sharply to recent comments by investor Carl Icahn.

The remarks by Yahoo's co-founder came a day after Microsoft said it would be interested in reopening talks to acquire some or all of Yahoo if Mr. Icahn's proxy battle to unseat the company's directors succeeds.

"To trust Mr. Icahn and his board is really a bad choice," Mr. Yang said in an interview.

Mr. Yang, whom Mr. Icahn has said he would replace if ...