Is Yahoo defying Starboard Value? Has Yahoo Chief Executive Officer Marissa Mayer had enough with aggressive hedge funds pushing the troubled Internet company around? In announcing the appointment of two new directors to Yahoo’s corporate board, analysts are saying the firm is “thumbing its nose” at hedge fund investors.
Yahoo defying Starboard: directors appointed ahead of meeting
Yahoo announced today that it was appointing former Morgan Stanley executive, Catherine Friedman, and former chief financial officer of Broadcom Corporation, Eric Brandt, who replaced tech entrepreneur Max Levchin and brokerage founder Charles Schwab.
The moves come as activist hedge funds, such as Starboard Value, had been threatening a proxy fight and appointing their own directors.
"They are saying, 'bring...
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