Starboard to Start Proxy Fight to Remove Yahoo’s Board
This is the equivalent of VC&#x27;s throwing out the companies founders and replacing them with someone else that the VC wants to run the company.<p>I think I&#x27;ve written the same comment about 4 times now, but Starboard is a PE firm that knows what they are doing here.  Nothing in life is certain, but I doubt they would go activist in this way if they didn&#x27;t have a very strong feeling that they would get the required votes.<p>Their position is that under Mayer all Yahoo has done is lose money, with their BABA position inflating their earnings to make YHOO look profitable.<p>I think most people believe that YHOO is now a walking zombie and will go bankrupt given enough time, Starboard is attempting to short circuit this and force a sale of the profitable assets, essentially returning money to shareholders before the company goes under.<p>I mean anyone want to try to make the point that Yahoo as it exists can turn around?  I mean they&#x27;ve already tried layoffs, acquisitions, closing unprofitable business units.  What&#x27;s left to try?<p>That&#x27;s kind of shitty if you are an employee but to be fair, I haven&#x27;t heard anyone put out a believable plan that turns YHOO profitable and its hard to ask existing share holders to essentially pay for people to have jobs until their entire equity is gone.