. Medical and Hospital News .




.
INTERNET SPACE
Yahoo! raiders step up attack on CEO, board
by Staff Writers
New York (AFP) May 7, 2012


A hedge fund battling the management of Yahoo! called for the release of documents about the recruitment of chief executive Scott Thompson in a scathing filing Monday with regulators.

The filing by the Third Point with Securities and Exchange Commission came after the hedge fund's deadline passed on its demand for the ouster of Thompson for misrepresenting his educational background.

Third Point, which owns 5.8 percent of the struggling tech giant, filed its slate of candidates for the Yahoo! board, ensuring a proxy battle, as it stepped up its attack on management.

"Yahoo! has not explained how its Search Committee could hire a CEO without doing a rudimentary check on the applicant's credentials -- a check that would have quickly revealed that Mr. Thompson did not have a computer science degree," the filing said

"The inaccuracies in Mr. Thompson's educational background are not isolated. (Patti) Hart, a member of the Nominating Committee and the chair of the Search Committee herself has exaggerated her academic background."

Third Point also offered a series of criticisms from others in its filing about Yahoo!'s handling of the matter, based mainly on news reports.

"Legendary investor Warren Buffett stated on CNBC on May 7, 2012 that 'it doesn't sound like an inadvertent error... If you can't trust the people you're working with, you've got a problem.'"

Yahoo! has said it was continuing its review of the matter.

Third Point, led by activist investor Daniel Loeb, said that "Yahoo!'s failure of process is especially damning given the Nominating Committee's summary rejection of all but one of the candidates that Third Point has proposed be appointed to the Board, thus forcing a wasteful proxy contest at the 2012 annual meeting."

Related Links
Satellite-based Internet technologies




.
.
Get Our Free Newsletters Via Email
...
Buy Advertising Editorial Enquiries




.

. Comment on this article via your Facebook, Yahoo, AOL, Hotmail login.

Share this article via these popular social media networks
del.icio.usdel.icio.us DiggDigg RedditReddit GoogleGoogle



INTERNET SPACE
Google violated copyright, but no damages: jury
San Francisco (AFP) May 7, 2012
A jury in a high-profile technology case ruled Monday that Google violated copyrights owned by Oracle Corp. for the Android mobile platform, but failed to agree on whether damages should be awarded. In a partial verdict, jurors were unable to decide on a key point of whether Google's use of copyrighted Java software was "fair use" that made it acceptable. The verdict prevents any potenti ... read more


INTERNET SPACE
Clinton to leave China for Bangladesh cauldron

Japan to go nuclear-free for first time since 1970

S. Korea starts building new nuclear reactors

Can Nature's Beauty Lift Citizens From Poverty?

INTERNET SPACE
Czech Republic approves EU Galileo agency move to Prague

China launches two navigation satellites

Astrium built Galileo satellites fit and fully operational in orbit

First payload ready for next batch of Galileo satellites

INTERNET SPACE
Darwinian selection continues to influence human evolution

Iceman mummy yields oldest blood seen

Genes shed light on spread of agriculture in Stone Age Europe

A middle-ear microphone

INTERNET SPACE
Africa's last rhinos threatened by poaching

Fundraising blitz in South Africa to save the rhino

Ecosystem Effects of Biodiversity Loss Rival Climate Change and Pollution

Bigger gorillas better at attracting mates and raising young

INTERNET SPACE
Flu study that sparked censorship row is published at last

Dutch okays mutant bird flu study's publication

Rio declares dengue epidemic

Climate right for Asian mosquito to spread in N. Europe

INTERNET SPACE
Chinese activist could find life in US tough: exiles

Chen case exposes limits to central power in China

Eyes on China after Clinton deal on dissident

US in talks with blind China activist after plea for help

INTERNET SPACE
War planes strike suspected Somali pirate base: coastguard

India proposes norms for Indian Ocean anti-piracy patrols

Iran navy rescues China crew from hijacked freighter

Drones will seek pirates at sea

INTERNET SPACE
Toshiba's profit drops by nearly half to $921 mn

Outside View: U.S. work force shrinks

Outside View: Modest U.S. jobs growth

China and India manufacturing boosts recovery hopes


Memory Foam Mattress Review

Newsletters :: SpaceDaily Express :: SpaceWar Express :: TerraDaily Express :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News

.

The content herein, unless otherwise known to be public domain, are Copyright 1995-2012 - Space Media Network. AFP, UPI and IANS news wire stories are copyright Agence France-Presse, United Press International and Indo-Asia News Service. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by Space Media Network on any Web page published or hosted by Space Media Network. Privacy Statement