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The Internet company says this morning that last week it “proactively engaged in discussions with many of our largest shareholders, including Third Point” and invited them to suggest potential board candidates. That’s why Yahoo says ”it is especially...
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"It is imperative to accelerate the transition of the Retiring Directors and introduce new outside nominees." It has led to speculation that even Thompson's job isn't safe. Loeb looks intent on trying again to make Yahoo a content company, nominating...
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NEW YORK, NY - OCTOBER 26: Jeff Zucker attends the 10th Annual Elton John AIDS Foundation's 'An Enduring Vision' benefit at Cipriani Wall Street on October 26, 2011 in New York City. View Photo »
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The company’s chairman, Roy Bostock, announced on February 7 that he and three other directors would step down. Yahoo’s chief executive, Scott Thompson, is now only one month into the job. Meanwhile, activist shareholder Dan Loeb of the hedge fund...
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It all happened on the same day that activist investor Daniel Loeb, of hedge fund ThirdPoint, sought to install his own slate of directors on Yahoo's board. Loeb plans to nominate former NBC Universal CEO Jeff Zucker, along with himself and two others,...
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Loeb disclosed in a regulatory filing that he wants a seat on Yahoo's board to protect his Third Point LLC fund's 5.6 per cent stake in the company. He plans to nominate three other candidates to replace some of Yahoo's current board members. Loeb's...
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NEW YORK, NY - SEPTEMBER 08: Jeff Zucker, American television executive and former President and CEO of NBCUniversal and Caryn Stephanie Nathanson attend Time Warner's 'Beyond 9/11' Photo Exhibit and Screening at Milk Studios on September 8, 2011 in New... View Photo »
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And is it really such a bad idea? Zucker was nominated to the board of Yahoo on Tuesday in a filing by the company's most persistently activist shareholder, Dan Loeb. Along with Zucker, Loeb nominated himself and two others in a filing with the...
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12.9 million Yahoo shares last month. He now controls a 5.6 percent stake in Yahoo Inc. Loeb hopes to use those holdings as leverage to gain a seat on Yahoo's board. He also nominated three other candidates to replace some of Yahoo's current board members.
About Jeff Zucker
Wikipedia
Jeffrey Zucker (born April 9, 1965) is an American television executive, and President & CEO of NBC Universal. He is a 5-time Emmy Award winner known for his aggressive promotion of his network's programs. In 1996, he married Caryn Stephanie Nathanson Zucker, then a supervisor for Saturday Night Live, with whom he has four children. Full Article
