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Third Point

Why the Activist Investors in Yahoo! and Chesapeake Travel in Packs

Penny Herscher | Posted 08.13.2012 | Business
Penny Herscher

The answer lies in how inefficient and/or difficult it is to be alone and an outlier on a board. Boards aim to be collegiate, making sure diverse opinions are aired while also providing good financial oversight of the company.

Yahoo CEO Apologizes For Resume Error Fallout

Reuters | Posted 07.07.2012 | Technology

* Yahoo CEO Thompson apologizes to employees in email * Yahoo board expected to discuss internal review - source * Activ...

Yahoo CEO Faked His Resume, Investor Alleges

Reuters | Posted 07.03.2012 | Technology

* Yahoo calls discrepancy an "inadvertent error" * Third Point also doubts board member's educational record By Poornima...

Yahoo Squares Off With Major Investor

Reuters | Posted 05.26.2012 | Technology

NEW YORK (Reuters) - Yahoo Inc has appointed three new independent directors as it prepares for a proxy fight with activist hedge fund investor Daniel...

Major Yahoo Shareholder: Forget Carol Bartz, Fire The Whole Board

Posted 11.08.2011 | Technology

NEW YORK (Reuters) - Hedge fund Third Point LLC has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the di...

Star Fund Manager Called Rival 'Hitler Himself' show

Posted 05.25.2011 | Business

NEW YORK (By Matthew Goldstein) - It was the summer of 2006 and hedge fund manager Daniel Loeb was having difficulty containing his very harsh feeling...

When Hedge Fund Managers Talk, Andrew Ross Sorkin Transcribes, Uncritically

David Fiderer | Posted 05.25.2011 | Business
David Fiderer

You can't buy the kind of free publicity extended by today's New York Times, which quotes extensively from Daniel Loeb's political rant in, "Why Wall St. Is Deserting Obama," a 1,200-word piece devoid of critical analysis.

Daniel Loeb, Hedge Fund Manager, Blasts Obama Administration's 'Wealth Redistribution'

Posted 05.25.2011 | Business

A hedge fund manager's latest letter to investors has caused something of a stir among financial pundits, drawing comments from Paul Krugman, Andrew R...