It's war: A hedge fund goes after Yahoo's entire board of directors
 

It's war: A hedge fund goes after Yahoo's entire board of directors
http://rack.2.mshcdn.com/media/ZgkyM...a731baecce.jpghttp://rack.1.mshcdn.com/assets/feed...50839a8e00.jpghttp://rack.1.mshcdn.com/assets/feed...32c6f24ba1.jpg
Hedge fund Starboard Value has been clamoring for change at Yahoo for a while, waiting for the company's leadership to begin making moves to tighten the company's financial performance.

As of Thursday, Starboard is done waiting.

The hedge fund has*issued a letter **minating an entirely new slate of board members.*

It's the start of an attempted coup at Yahoo's upcoming 2016 shareholder meeting in June.*

"We believe the Board clearly lacks the leadership, objectivity, and perspective needed to make decisions that are in the best interests of shareholders," Starboard managing member Jeffrey Smith wrote in the letter. Read more...


More about Marissa Mayer, Yahoo, and Businesshttp://ad.doubleclick.net/ad/mash.to...ord=1458829562http://feeds.feedburner.com/~r/Mashable/~4/NgRToHeuQ10