Dealpolitik: The Yahoo Paradox
The Yahoo board seems to be officially in full retreat (if not virtual surrender) in response to the assaults from Dan Loeb’s Third Point which began last year.
You know the litany: Last year Yahoo sacked its CEO, and as this year began it hired a replacement. In December Yahoo founder Jerry Yang resigned from the board. Last week, four more directors agreed to step aside; the board named two new outsiders to the board and promised to find more.