Hedge funds nominate 4 directors for Yahoo's proxy campaign

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"Sadie Network News" March 22, according to foreign media reports, hedge fund Third Point in Wednesday to the regulator issued an equity agency statement, asked to let their directors 618.html "> candidates into the Yahoo board." Earlier, third Point had criticized Yahoo's recently appointed director.

Third point, with a 5.8% stake in Yahoo, is Yahoo's biggest institutional shareholder. In recent months, Third point has been fiercely critical of Yahoo's business performance and strategy, and has said it plans to nominate new board members.

Yahoo's revenue has stagnated in recent years, with rivals such as Facebook and Google offering a market share of online advertising spending.

Last month, Yahoo's board appointed Rovi former CEO Alfred Amoroso (Alfred amoroso) after Yahoo's chairman, Roy Postock Roy Bostock, announced the resignation of three other directors. Menade Weber (Maynard Webb), chairman of the customer call center company LiveOps, is a member of the board.

Third Point said in the document that Yahoo's recently appointed directors were not in the interest of the company and its shareholders. The 50-year-old hedge fund Third Point, led by Dan Le Boux Dan Loeb, will nominate four directors of Yahoo's board, including Loeb and former CEO Jeff Zache of NBC Universal, Jeff Zucker. The deadline for outside shareholders to nominate Yahoo board members is March 25.

(Sadie net)