Dan Loeb has just released the following statement in reaction to the announcement by Yahoo! Inc. (NASDAQ:YHOO),, yesterday, urging employees to reject Loeb’s board nominees. Loeb personally attacked the chairman, calling Roy Bostock “the Company’s lame duck outgoing Chairman, and its Board of Directors.
This is also Loeb’s first public response tothe companies plan to add John Hayes, Peter Liguori and Tom McInerney to the board. The plan was announced in a press release this Sunday.
In a rare interview with Harvard Business School that was published online earlier this month, (it has since been taken down) value investor Seth Klarman spoke at length about his investment process, philosophy and the changes value investors have had to overcome during the past decade. Klarman’s hedge fund, the Boston-based Baupost has one of Read More