ADVFN - Advanced Financial Network.
HOME» NASDAQ » Y » YHOO Stock Price » YHOO Stock News

Yahoo! Inc. Share News

 Yahoo! Inc. (mm) Stock Price
YHOO Stock Price
 Yahoo! Inc. (mm) Stock Chart
YHOO Stock Chart
 Yahoo! Inc. (mm) Stock News
YHOO Stock News
 Yahoo! Inc. (mm) Company Information
YHOO Company Information
 Yahoo! Inc. (mm) Stock Trades
YHOO Stock Trades

Third Point Demands Records From Yahoo About CEO's Hiring

DOW JONES NEWSWIRES Hedge fund Third Point LLC said it sent demands to Yahoo Inc. (YHOO) to open its records about the hiring of its chief executive and the naming of certain board members, amid a continued attack on the Internet company's management. Third Point, which owns nearly 6% of Yahoo shares, had set a deadline of noon EDT Monday for Yahoo to act on its demands, which include calling for the termination of Chief Executive Scott Thompson, among other things, after the company admitted last week it misstated Thompson's academic record. About half an hour following the deadline, Third Point said it made a written request for company records related to the hiring of Thompson, the appointment of Patti Hart to the Yahoo board, and the selection of board members Peter Liguori, John Hayes, Thomas McInerney, Maynard Webb, Jr., and Fred Amoroso. The demand was made under a section of Delaware General Corporation Law that allows any stockholder to inspect certain books and records of a public company upon written request. "We believe that this internal investigation by this board must not be conducted behind a veil of secrecy and shareholders deserve total transparency," Third Point said. A Yahoo representative wasn't immediately available for comment. Third Point, run by activist investors Dan Loeb, last week alleged that Yahoo misstated Thompson's bachelor's degree in Securities and Exchange Commission filings, stating he held a degree in accounting and computer science, even though his degree was only in accounting. Yahoo soon after confirmed the error. The accusation and response indicate the rising tension in the ongoing proxy fight between Yahoo and Third Point, which has been agitating for an overhaul of the company's board. Yahoo, meanwhile, is in the midst of a turnaround effort under Thompson, who was appointed in January, and joined the company from eBay Inc. (EBAY). Yahoo's shares were up 1.7% at $15.41. The stock is down 4.5% so far this year. -By Ben Fox Rubin, Dow Jones Newswires; 212-416-3108; ben.rubin@dowjones.com

Stock News for Yahoo! Inc. (YHOO)
DateTimeHeadline
08/29/201616:48:51Statement of Changes in Beneficial Ownership (4)
08/26/201612:00:00Yahoo Esports and ESL Team Up for Live Streaming & Content Partnership
08/24/201617:25:03Statement of Changes in Beneficial Ownership (4)
08/24/201609:00:00The Information Industry in the U.S. and Abroad
08/22/201618:20:44Statement of Changes in Beneficial Ownership (4)
08/15/201616:54:09Statement of Changes in Beneficial Ownership (4)
08/14/201622:50:00TPG to Buy RCN and Grande Communications for About $2.25 Billion
08/12/201608:08:00On BizWireTV: A Brewer Revolutionizes Small Business Finance...
08/10/201603:03:00Female CEOs, a Rarity, Face Extra Pressures -- WSJ
08/09/201617:57:00Statement of Changes in Beneficial Ownership (4)
08/09/201617:54:19Statement of Changes in Beneficial Ownership (4)
08/09/201617:47:09Statement of Changes in Beneficial Ownership (4)
08/09/201617:41:22Statement of Changes in Beneficial Ownership (4)
08/09/201616:40:00Intel, Apple Add to Artificial-Intelligence Deal Wave
08/09/201610:25:00Female CEOS, Still a Rarity, Face Extra Pressures
08/08/201617:27:35Quarterly Report (10-q)
08/08/201611:00:00Hulu Bids Goodbye To Its Free Service
08/08/201609:00:00Introducing Yahoo View, a TV Watching Experience Featuring Hulu
08/08/201603:03:00Password Hacking Forces Big Tech Companies to Act -- WSJ
08/07/201605:59:00Password Hacking Forces Big Tech Companies to Act

Yahoo! Inc. and other NASDAQ stock quotes are delayed by at least 20 minutes.
All other stock price and quote data is delayed by at least 15 minutes unless otherwise stated. By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Contact Us | Copyright 1999-2015 ADVFN PLC. | Privacy Policy | Investment Warning | Data accreditations | Investor Relations

ADVFNADVFN ItalyADVFN GermanyADVFN FranceADVFN BrazilADVFN JapanADVFN UKADVFN US noad