Activist investor taps MTV, NBC alums for Yahoo proxy war
Activist shareholder Dan Loeb's Third Point has filed papers with the U.S. Securities and Exchange Commission to launch a proxy fight against Yahoo, bringing two heavy-hitting media executives with him to battle.
Third Point is nominating four candidates for board seats, including Michael J. Wolf, former president and chief operating officer of MTV Networks, and Jeff Zucker, former chief executive of NBC Universal. The Third Point slate is rounded out with Loeb and Harry J. Wilson, chairman and chief executive of a corporate restructuring firm, Maeva Advisors.
Since last year, Loeb has pressured beleaguered Yahoo for mismanagement, calling … Read more