Yahoo's Restructuring Will Lead To New Highs In 2013
By Cris Frangold:
Yahoo (YHOO) investors are lucky to have an advocate in the stock's largest outside owner, Third Point LLC. This activist investment firm is currently challenging the board and executives of Yahoo over alleged misrepresentations in the resumes of CEO Scott Thompson and director Patti Hart.
Third Point's CEO, Daniel Loeb, is correct to confront Yahoo leadership on this scandal based on its own merit and also as an opportunity to assert shareholder interests over the in Yahoo's future. Individual investors and fund managers who either have few votes or lack the time to exercise their voting rights are fortunate that activist investors like Third Point are reviewing the management of companies like Yahoo. Stocks which are scrutinized by activist investors are more likely to achieve their potential values than relying on managerial inertia.
A Weekend Ultimatum
On Friday, May 4th, Third Point LLC Complete Story »