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Starboard starts offensive against Yahoo board

Thursday 24 March 2016 | 08:51 CET | News
Activist investor Starboard Value wants to remove the entire board of Yahoo and nominate nine directors of its own, the Wall Street Journal reported, citing a letter. The investor said in the brief that it believes the current board and management have continually failed to live up to their own promises and should not be trusted with the decision on whether or not Yahoo should remain an independent company. A Yahoo spokesperson declined to comment on the Starboard proposal.

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Categories: Internet
Companies: Yahoo
Countries: World
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