Latest Daniel S. Loeb Stories

Loeb’s Letters Finally Take Their Toll At Yahoo
2012-05-09 09:30:06

Michael Harper for RedOrbit.com Update 10:30 AM CST May 9: Loeb and party have issued another letter to the board at Yahoo, expressing what could be called extreme frustration with the way they´ve handled their requests thus far. Finding Hart´s statements and Thompson´s apologies unacceptable, Loeb wrote: ---------- Dear Board of Directors: Six days have passed since Yahoo! acknowledged the fabrications in Chief Executive Officer Scott Thompson and Director Patti...

Resume Of Yahoo CEO Scott Thompson Faces Scrutiny
2012-05-06 07:50:44

Michael Harper for RedOrbit.com When it rains, it pours Once a strong force in the tech and internet community, Yahoo! has fallen into a long tailspin as of late. Just before the dot com bubble burst, Yahoo! was riding high with stocks as topping $475. In the 12 years since, the company´s timeline reveals an excruciatingly slow decent filled with missteps and missed opportunities. Now, as the now defunct web portal is facing major losses, laying off thousands of employees, a new...

Yahoo Investor Seeking Four Seats on Company's Board
2012-03-22 06:34:14

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, according to a letter that was released as part of a regulatory filing Wednesday. The Associated Press (AP) reported that Daniel Loeb, manager of the hedge fund Third Point, argued in a letter released as part of the filing with the Securities and Exchange Commission (SEC)...

Word of the Day
  • A beast of burden; also, a beast in general.
'Jument' ultimately comes from the Latin 'jugum,' yoke.