In the Margins
Activist investor Starboard Value upped the pressure on Yahoo CEO Marissa Mayer, demanding the company shake up management and calling for a spinoff or sale of the company’s core search and advertising business. The management team led by Mayer has “failed to produce acceptable results, in turn, causing massive declines in profitability and cash flow,” Starboard Managing Member Jeffrey Smith wrote in a letter to Yahoo’s board on Wednesday. Read the original story from the New York Post.
Most Read
Mutual fund independent directors earned more in 2024 than in the year prior, and the pace at which their compensation grew was also higher year-on-year, according ...
The two longest-serving independent directors of ASA Gold and Precious Metals Ltd. have resigned from the board, and all litigation pursued by activist investor Saba Capital ...
Fund Board Views has refreshed and expanded its Editorial Think Tank ahead of its 10-year anniversary this fall. The nine members will continue to work closely with ...
The Securities and Exchange Commission last week dismissed charges against the defendants in the first-ever case related to enforcement of the liquidity risk management rule adopted ...