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Yahoo gives Starboard 4 seats on board
2016-04-27 18:16:00| Telecompaper Headlines
(Telecompaper) Yahoo! announced a settlement with the activist shareholder Starboard Value to name four new independent directors to its board, including Starboard's CEO Jeffrey Smith. The other new members are investment banker Tor R. Braham, who worked previously in technology M&A at Deutsche Bank and Credit Suisse; the media executive Eddy W. Hartenstein, who was previously CEO of DirecTV, the Tribune Company and the LA Times; and Richard S. Hill, the former chairman of Tessera Technoliges. They will join the board immediately, and Smith will also join the Strategic Review Committee. As part of the agreement, Starboard has withdrawn its proposal to the Yahoo shareholders meeting for an alternative slate of directors.
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Category:Telecommunications