Latest Third Point LLC 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.
It would appear as if Third Point’s 3 letters and subsequent follow-up have strong-armed Yahoo CEO Scott Thompson into apologizing for “padding” his resume with false information, but he isn’t planning on stepping down.
Third Point has begun the process under Delaware Law to obtain books and records regarding Yahoo's Scott Thompson’s vetting process.
- A hairdresser.