Dan Loeb Plans to Announce Max Levchin to Yahoo Board

Hedge Fund Hunk Dan Loeb Plans to Announce Max Levchin to Yahoo Board

Max Levchin

Max Levchin

Hedge fund Third Point manager Dan Loeb whose fight for control of Yahoo paved the way for Marissa Mayer’s CEO spot is on  the verge of gaining control of another seat on Yahoo’s board.

Yahoo plans to announce that Max Levchin, former CTO of Paypal, will join the company’s borad. Read bvelow more about Loebs Yahoo battle.

Who is Daniel Loeb and whats his Net Worth?

Dan Loeb Launches Website and to Gain Supporters Against The Fight With Yahoo

The site , which went live today and includes an outline of his agenda, a mission statement and profiles on his slate of proposed directors. Shareholders and other interested readers…Dan Loeb Letter to Yahoo’s Chief

Mr. Scott Thompson Chief Executive Officer Yahoo! Inc. 701 First Avenue Sunnyvale, CA 94089 March 28, 2012 Dear Scott: As we discussed, Third Point LLC (“Third Point”), Yahoo!’s largest outside.

Third Point Want 4 Seats on Yahoo Board

Hedge fund Third Point, which has a 5.8% stake in Yahoo (YHOO), said it believes the company would fare better if its representatives were in the boardroom helping overhaul Yahoo.

Dan Loeb’s Third Point is launching a Proxy Fight Against Yahoo, Bringing 2 Heavy-Hitting Media Executives With Him to Battle.

 

 

 

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