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
Average compensation among mutual fund independent directors was higher in 2024, when compared to the year prior, an increase that was more than double what their ...
Comprehensive guidance on the oversight of sub-advisers that exists in the market has served mutual fund boards well for over 15 years. These frameworks remain foundational, ...
Independent directors who anticipate overseeing exchange-traded fund share classes are contemplating myriad issues related to what many industry participants believe will be a seismic shift in ...
Over the past several weeks, I have written articles exploring conflicts of interest that could challenge a variety of financial industry participants. Those articles explored potential ...