Latest Daniel S. Loeb Stories
The turbulence created by Dan Loeb and his investment firm Third Point LLC has begun to impact Yahoo at its core, as the board announced late Tuesday evening that Patti Hart will not be seeking re-election for a position on the board once her term is up.
Once a strong force in the tech and internet community, Yahoo! has fallen into a long tailspin as of late.
The head of a major Yahoo investor was critical of the Internet pioneer's recent appointees to their board of directors and is seeking to have four current board members replaced with representatives of his hedge fund.
- Having no light.