Wednesday, 20 August 2014
Last updated 4 hours ago
Jan 18 2012 | 11:55am ET
In all his years of poison-pen activism, Dan Loeb has likely never had a day like yesterday.
The Third Point chief claimed his biggest-ever scalp with the resignation of Yahoo! Inc. founder Jerry Yang from the pioneering Internet company's board of directors. Loeb has publicly hounded Yahoo!'s management and directors, taking particular aim at Yang, who he accused of boasting a "history of strategic bungling."
Most recently, Loeb attacked the "sweetheart PIPE deal which will serve only to entrench Yang and the current board while massively disenfranchising public shareholders and permanently robbing us of the opportunity to obtain a control premium."
Loeb has said that Yahoo! should explore a sale.
In a statement, Yang, who founded Yahoo! almost 17 years ago, said that "the time has come for me to pursue other interests outside of Yahoo!"
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note