Yahoo investor needs to show a game plan - MarketWatch

yahoo - Google News Google News

Yahoo investor needs to show a game plan - MarketWatch Mar 14th 2012, 22:15 By MarketWatch SAN FRANCISCO (MarketWatch) — Yahoo's board and its new chief Scott Thompson, who started just two months ago, now get the joy of dealing with yet another proxy feud at the troubled Internet pioneer. How to use Pinterest legally Pinterest is getting heat for copyright infringement due to how easily users grab images, but there's a way to use the site legally. Joanna Chung reports on digits. On Wednesday, dissident investor Daniel Loeb said in a regulatory filing that he was planning to launch a proxy battle against the Yahoo /quotes/zigman/59898/quotes/nls/yhoo YHOO +0.55% , stating that the company has stonewalled his attempts to engage in discussions over his slate of four nominees to the board. Read more about Loeb's proxy battle plans. Yahoo has already gotten rid of the thorns in the sides of many investors — former chief executive Carol Bartz and chairman Ray Bostock. So it's not totally clear what Loeb really wants, or what his game plan is for Yahoo. His letter filed with the Securities and Exchange Commission was rather brief, and he said the intended result of trying to work with the Yahoo board was to "ensure Yahoo! maintains its place as a premier Internet company by forcefully addressing the immediate strategic and operational challenges it faces." Given that Yahoo has already taken some rather drastic actions of late, it's incumbent on Loeb to explain more about why investors should throw more power to him. In other words, what's his vision for the company, and how are his nominees going to bring that vision to pass? Yahoo investors are certainly accustomed to drama by now. It's worth asking if more at this point is going to make much of a difference. -Therese Poletti . /quotes/zigman/59898/quotes/nls/yhoo Volume: 14.75M March 14, 2012 4:00p This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read the FAQ at fivefilters.org/content-only/faq.php#publishers. Five Filters recommends: Donate to Wikileaks.

You are receiving this email because you subscribed to this feed at blogtrottr.com. If you no longer wish to receive these emails, you can unsubscribe from this feed, or manage all your subscriptions