In the latest volley, Yahoo investor Carl Icahn is calling for the ouster of Yahoo’s chief executive Jerry Yang, according to wsj.com.
Icahn has previously called for the replacement of Yahoo’s board, which includes Yang.
The latest report comes a day after a Delaware judge unsealed a class action lawsuit against Yahoo’s board and Yang. The suit alleges Yahoo’s board set up “roadblocks” to Microsoft’s proposed acquisition of Yahoo, especially an expensive employee severance package.
A copy of the unsealed lawsuit can be found at the Web site of Bernstein Litowitz Berger & Grossmann, the firm suing Yahoo on behalf of on behalf of Detroit’s Police and Fire Retirement System, Detroit’s General Retirement System, and other Yahoo shareholders. “Yang convinced the [Yahoo] board to adopt change-in-control employee severance plans that impose tremendous cost and risks for an acquirer, throwing sand in the gears of Microsoft’s plans for a smooth integration,” the lawsuit alleges.
As an organisation, finding the right marketing channels is an essential part of your marketing strategy.
2017 is the year in which CMOs are expected to outspend CIOs on technology, according to Gartner, which is no surprise given the way in which consumers of all kinds are increasingly using technology in their everyday lives.
As it prepares for a 2017 IPO that could be the largest in the social media space since Facebook went public in 2012, all eyes are on Snapchat.
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