Vocal shareholder wants Yahoo co-founder Yang off board [U]

Third Point, Yahoo's second largest shareholder, has called for Jerry Yang, the Internet giant's co-founder, to resign from the company's board of directors. This comes amid reports that Yang has been trying to get several private equity firms to back a plan that would keep him and current management in charge of the company. Daniel Loeb, Third Point's CEO, has also strongly suggested that Yahoo's chairman, Roy Bostock, also vacate his board position.
Yahoo has been on a rocky road since September. Early that month, Bostock fired then CEO Carol Bartz, who had been brought onboard after Yang was forced out when he became an obstacle to a deal between Yahoo and Microsoft in 2009. Yahoo then hi... »read more

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