[Reuters] Proxy battle pits new Yahoo CEO against hedge fund

Posted by: UGN Security

[Reuters] Proxy battle pits new Yahoo CEO against hedge fund - 03/21/12 05:02 PM

SAN FRANCISCO (Reuters) - Less than three months into the job as Yahoo Inc's chief executive, Scott Thompson faces a proxy showdown with hedge fund Third Point that will determine whether he or a slate of dissident directors nominated by the hedge fund's founder, Dan Loeb, gets to chart the company's course.