An activist investor group called Starboard Value said in a letter to other Yahoo shareholders last week that it wants a new group of people to oversee a "turnaround plan, separation, or sale of assets."
"The board and management have continually failed to live up to their own promises and shouldn't be trusted with the decision on whether Yahoo should remain an independent company."
Feb 3 (Reuters) - Office-supply chains Staples Inc and Office Depot Inc are in advanced talks to merge, the Wall Street Journal
Last week, you may have noticed a kooky story about a hedge fund named Starboard Value chastising Olive Garden for handing
Darden's full breadstick and salad defense, circled in red below: Darden remained silent about its refusal to salt its pasta
The answer lies in how inefficient and/or difficult it is to be alone and an outlier on a board. Boards aim to be collegiate, making sure diverse opinions are aired while also providing good financial oversight of the company.