Technology14.09.2011
Yahoo board under pressure
The Yahoo Board of Directors will meet today to discuss a variety of issues as investors turn on the heat.
Investors such as Daniel Loeb whose hedge fund now owns 5.1 percent of Yahoo are buying up more shares in the company to put pressure on the current board of directors.
Other issues that will be discussed at the meeting include outlining criteria for the CEO position at the company, deciding on which corporate head-hunting firm to recruit, reviewing the current strategy at the company, and how to reassure current employees who may consider leaving after public uncertainty over the Yahoo board.
Read the full story over at: All Things D.
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