[Reuters] Yahoo CEO out, investor Loeb gets board seats

Posted by: UGN Security

[Reuters] Yahoo CEO out, investor Loeb gets board seats - 05/14/12 02:27 AM

SAN FRANCISCO (Reuters) - Yahoo Inc is replacing its CEO for the third time in as many years, and giving three board seats to a hedge fund led by Daniel Loeb, putting him in a strong position to influence strategy at the struggling Internet company.