It appears that Yahoo and shareholder Third Point are digging in for a contentious proxy fight.
The companies have been tussling over who will fill four seats on the board of directors, with the two sides clashing on several points, including whether Third Point CEO Daniel Loeb should get one of the spots. On Sunday, Yahoo announced three new independent directors to the board, effective April 5: John D. Hayes, EVP and CMO of American Express; Peter Liguori, former COO of Discovery Communications and former chairman and president of entertainment of Fox Broadcasting Network; and Thomas J. McInerney, the outgoing CFO of IAC/InterActiveCorp.
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Battle for Yahoo's Board Cranks Up a Notch
Posted by: Erika Morphy March 29, 2012 09:15 AMIt appears that Yahoo and shareholder Third Point are digging in for a contentious proxy fight.
The companies have been tussling over who will fill four seats on the board of directors, with the two sides clashing on several points, including whether Third Point CEO Daniel Loeb should get one of the spots. On Sunday, Yahoo announced three new independent directors to the board, effective April 5: John D. Hayes, EVP and CMO of American Express; Peter Liguori, former COO of Discovery Communications and former chairman and president of entertainment of Fox Broadcasting Network; and Thomas J. McInerney, the outgoing CFO of IAC/InterActiveCorp.