News: Page (1) of 1 - 03/21/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

Yahoo shareholder pushes for its board nominees

Major Yahoo investor sends letter to shareholders asking them to back its board nominees By The Associated Press

NEW YORK (AP) ' One of Yahoo's major investors is urging shareholders to vote its four nominees on to the Internet company's board, launching a potentially nasty fight to transform the Internet company's board.

Hedge fund Third Point LLC, which has a 5.8 percent stake in Sunnyvale, Calif.-based Yahoo, believes the struggling company would fare better if the hedge fund's representatives were in the boardroom helping overhaul Yahoo. Third Point's proposed directors are: Daniel Loeb, the hedge fund's manager; former NBC Universal CEO Jeff Zucker; former MTV Networks executive Michael Wolf and turnaround specialist Harry Wilson.

Its letter to Yahoo shareholders was released Wednesday in a regulatory filing.



Yahoo's long-running financial funk has depressed the company's stock price.


Page: 1


Related Keywords:Yahoo-Shareholder Fight,Financial services,Industries,Business

[ServletException in:/common/ads/links.jsp] Unable to load class for JSP'

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved