The new Yahoo Chairman, Roy Bostock who had taken over the reins from former Chief Executive Officer, Carol Bartz is now about to lose out on his new assignment. Why so? A New York based investment firm, Third Point LLC, which has now about 5.2 % stake in Yahoo has urged Bostock and his co-directors to resign stating their poor performance at Yahoo as the cause for it. It is felt that the present board of directors have several decisions that have directly proved harmful to the functioning of the company resulting in a 'stock price far below the company’s intrinsic value' says a regulatory filing by Yahoo... Continue Reading>>>
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