Ron Burgundy Posted March 24, 2016 Share Posted March 24, 2016 (Reuters) - Activist hedge fund Starboard Value LP, which is leading an investor revolt against Yahoo Inc's management team, is seeking to remove the entire board of the struggling Internet company, the Wall Street Journal reported. The activist investor, which owns about 0.75 percent of Yahoo, plans to announce Thursday morning that it will nominate nine directors to Yahoo's board, the Journal said, citing a Starboard letter. "The board and management have continually failed to live up to their own promises and shouldn't be trusted with the decision on whether Yahoo should remain an independent company," the paper reported, citing the letter. View the full article Quote Link to comment Share on other sites More sharing options...
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