Activist investor Dan Loeb and two other directors nominated by his hedge fund are leaving Yahoo’s board after big gains in the Internet company’s stock price over the past year.
Yahoo’s new boss is reorganizing a consumer-commerce division created by recently dispatched CEO Scott Thompson.
Yahoo still has credibility issues, even after casting aside CEO Scott Thompson because his official biography included a college degree that he never received.
Yahoo swept out Scott Thompson as CEO Sunday in an effort to clean up a mess created by an exaggeration about his education that destroyed his credibility as he set out to turnaround the long-troubled Internet company.
SUNNYVALE (CBS/AP) — An activist investor has bought a 5.2 percent stake in troubled Web portal Yahoo Inc. and released a public letter Thursday calling for sweeping changes to the board. The letter from Daniel […]