Odd challenge to Yahoo board

May 13, 2008

Since Microsoft's play for Yahoo fell apart, shareholders of Yahoo have voiced displeasure. Several hedge funds have suggested that the board was nothing short of derelict. A suit on behalf of a police and firefighters pension is expected to be filed this week, notes the New York Post. We'll see whether Jerry Yang's bold refusal to sell will pay off. He'll either be a hero or a goat, there is no middle ground. A year from now, Yahoo could well be in play again. For now, shareholders are pondering their moves. One challenge to the board comes from an odd source: Eric Jackson, a hedge fund manager. Despite owning only 96 shares, he has been leading the dissident charges, bent on coming up with an alternative slate.

For more:
- here's the article