In the Margins

Starboard moves to oust entire Yahoo board

March 24, 2016

By Various Sources

Activist hedge fund Starboard Value LP launched a proxy fight on Thursday to remove the entire board of Yahoo Inc., including CEO Marissa Mayer. Starboard, which owns about 1.7% of Yahoo, has been pushing for changes at the company since 2014; the hedge fund said in a letter to Yahoo shareholders that it would nominate nine candidates for the board. Read original stories from Reuters, Mashable, Fortune, USA Today, and The Wall Street Journal.