Dissident Yahoo shareholder Daniel Loeb of the hedge fund Third Point plans to nominate four boardmembers including himself, Bloomberg reports. Loeb and Third Point contend the recent overall at Yahoo including the exit of co-founder Jerry Yang and the impending departure from the board of Roy Bostock didn’t go far enough to assuage concerns about the company’s prospects. In addition to its own CEO and co-founder Loeb, Third Point recommends Maeva Advisors CEO Harry Wilson, Activate Inc. CEO Michael Wolf and Jeffrey Zucker, former CEO of NBC Universal, according to a Securities and Exchange Commission filing today. “The recently announced changes do not put the issuer on the right track towards maximizing shareholder value,” Third Point said. “Installing the hand-picked choices of the current board does nothing to allay investor fears that Yahoo is poised to repeat the errors of its past.” Yahoo, now under the leadership of Scott Thompson, last week said Bostock and three others would not stand for re-election as directors.


ZUCKER…My God he ruined one media giant by his incompetence instead of falling down he falls up. I heard him make the most ruthless insensitive comment about writers during the last writers strike. He puffed his chest like like Kong on the Empire State Building, but spewed out the most vile comments. He ruined TV production in Los Angeles by his programming choices during his tenure. Comcast made the wisest move in not bring him along. What is it about this guy? Bettheduck
fortunately the aol/time warner fuck up was so massive that no matter how badly they tank yahoo, they still should be able to make it out where it wasn’t THAT bad.
Putting Zucker on the Yahoo board.
Yahoo must really want to go out of business in the worst & quickest way possible!
I think Zucker is great.
This only could happen because Jeffrey Skilling is “unavailable.”
Yahoo should now be short-sold the stock will go down the tubes and if you short sell it you can profit. Jeff will lose them 2 or 3 billion dollars the same way he lost that much for NBC.