Billionaire investor Carl Icahn resigned from his position on the Yahoo! board, saying the US Internet giant no longer needed an “activist” director like him.

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BoomTown’s got nothing, which is not something I like to say very much. I am talking about the Yahoo CEO search, which is either being done by the Internet giant’s board in such elegant secrecy and with such amazing stealth that it is getting by everyone.

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The new Yahoo board–which now includes Carl Icahn and two new directors he backed–plans to meet next week, The Wall Street Journal reported on Friday.

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Yahoo said on Thursday that it would add the former chief executives of Viacom and Nextel Partners to its board as part of the company?s deal to avoid a proxy fight with the investor Carl C. Icahn.

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As Yahoo held what turned out to be an anticlimactic meeting , Time Warner issued a statement that it had blocked the nomination of Jonathan Miller, the former chairman and chief executive of its AOL Internet unit, to the board of Yahoo.

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Has Jerry Yang, Yahoo ?s embattled chief executive, played a part in picking his own successor?

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