Yahoo Urged by Starboard to Overhaul Management, Board

January 6, 2016 1:29 PM

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Yahoo! Inc. was urged by activist shareholder Starboard Value LP to overhaul its management and board, saying that “significant changes” were needed at the company.

In a letter to Yahoo’s board, Starboard said the Internet pioneer’s recent decision to spin off its core Web businesses will require shareholders to wait another year “while the existing leadership continues to destroy value,” and that the move is “not acceptable.”

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