0
Broadband

Yahoo gives Starboard 4 seats on board

Wednesday 27 April 2016 | 18:16 CET | News
Yahoo! announced a settlement with the activist shareholder Starboard Value to name four new independent directors to its board, including Starboard's CEO Jeffrey Smith. The other new members are investment banker Tor R. Braham, who worked previously in technology M&A at Deutsche Bank and Credit Suisse; the media executive Eddy W. Hartenstein, who was previously CEO of DirecTV, the Tribune Company and the LA Times; and Richard S. Hill, the former chairman of Tessera Technoliges. They will join the board immediately, and Smith will also join the Strategic Review Committee. As part of the

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Internet
Companies: Yahoo!
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

AT&T joins bidding for Yahoo! - report

Published 26 May 2016 08:39 CET | World
AT&T has made a bid to acquire Yahoo, people familiar with the matter told Bloomberg. The operator is interested in Yahoo's core ...

Bids for Yahoo core ops now seen at USD 2-3 bln - report

Published 20 May 2016 09:32 CET | World
Bids for Yahoo's core business are expected to reach a less-than-expected USD 2-3 billion, the Wall Street Journal reported, ...

Buffet backs Yahoo bidder - report

Published 16 May 2016 09:00 CET | World
Berkshire Hathaway Chairman Warren Buffett is backing a consortium vying for Yahoos internet assets, people familiar with the ...

Yahoo shortlists 10 bidders for internet assets - report

Published 02 May 2016 09:23 CET | World
Yahoo! has shortlisted close to 10 bidders in the auction for its core internet assets, including Verizon, with most offers ...

Yahoo buigt voor Starboard, benoemt vier leden in RvB

Published 28 Apr 2016 08:19 CET | World
Yahoo! heeft een akkoord gesloten met de activistische aandeelhouder Starboard Value. Die heeft vier onafhankelijke bestuurders ...

Yahoo will consider Starboard nominees for company board

Published 25 Mar 2016 12:13 CET | World
Yahoo has noted Starboard Value's announcement of its intention to nominate nine director candidates to Yahoo's board of ...

Starboard starts offensive against Yahoo board

Published 24 Mar 2016 08:51 CET | World
Activist investor Starboard Value wants to remove the entire board of Yahoo and nominate nine directors of its own, the Wall ...

Yahoo! forms committee to look at 'strategic alternatives'

Published 19 Feb 2016 15:59 CET | World
Yahoo! has given further details of the announcement at its 2015 financial results that it will consider "strategic alternatives" ...

Yahoo: takeover target for an international telco?

Published 08 Feb 2016 15:06 CET | World
Yahoo has announced plans for a major reorganisation. The company will refocus on four verticals (News, Sports, Finance, ...

Investor calls on Yahoo to oust CEO, board

Published 07 Jan 2016 09:57 CET | World
Yahoo shareholder and activist investor Starboard Value has sent the company a letter, saying it wants major changes at the ...

Starboard now wants Yahoo to keep Alibaba stake

Published 19 Nov 2015 10:49 CET | World
Starboard Value, a shareholder at Yahoo, wants the company to halt the spinoff of its stake in Alibaba and instead sell its ...

Yahoo to buy back USD 2 bln more worth of shares

Published 27 Mar 2015 12:16 CET | World
Yahoo is planning to launch an additional USD 2 billion worth of share backs using proceeds from the recent public offering of ...

Yahoo! shareholder pushes for Japan stake spin-off

Published 10 Mar 2015 09:05 CET | Japan
Yahoo! shareholders Starboard Value is urging Yahoo to go further with its break-up plans and spin off its stake in Yahoo Japan. ...

Yahoo shareholder warns against major acquisitions

Published 09 Jan 2015 09:03 CET | World
Yahoo shareholder Starboard Value has warned the company against making any large acquisitions. Jeffrey Smith, managing member of ...

Yahoo shareholders push for AOL merger - report

Published 12 Nov 2014 09:50 CET | World
At least two of the top ten Yahoo! shareholders are so unhappy with CEO Marissa Mayer's turnaround efforts that they are making a ...

Yahoo shareholder calls for Yahoo-AOL merger - report

Published 29 Sep 2014 10:50 CET | United States
Yahoo! said it will review the letter it received from shareholder Starboard and that it was looking forward to discussing future ...