Starboard Value Calls for Shake-Up at Yahoo and Shift in Strategy

January 6, 2016 2:05 PM

25 0

Starboard Value Calls for Shake-Up at Yahoo and Shift in Strategy

SAN FRANCISCO — As Yahoo weighs efforts to spin off its mainstay Internet businesses, a prominent hedge fund that has long criticized the company’s plans hinted that it might seek to oust the Web pioneer’s board.

The activist investor, Starboard Value, on Wednesday called for changes to the company’s board and management as well as a shift in strategy. Otherwise, the hedge fund wrote in a letter to the board, it may try to run its own slate of directors.

Also read: Israeli court sentences tycoon to 2 years in prison

Read more

To category page

Loading...