In the Margins

Starboard to Yahoo board: Overhaul management

January 6, 2016

By New York Post

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

Top of the Agenda - Governance
Fewer women, minorities among new fund directors

After years of making gains in filling fund board seats, women and individuals representing minority groups lost significant ground in the most recent two-year period measured ...

Top of the Agenda - Compensation
IDC: Fund director pay climbs again in 2024

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 ...