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by jizzard 5151 days ago
"Loeb, chief executive of hedge fund Third Point, which holds 5.8 percent of Yahoo's shares"

"Yahoo, whose revenue slid by more than a fifth last year"

Loeb might just be looking for a scapegoat.

1 comments

I'm not sure what you're implying. He doesn't run Yahoo. He makes no managerial decisions. He doesn't even sit on Yahoo's board.
But he's responsible for his fund investing a huge amount in a bad stock. He's probably trying to find a scapegoat for that decision.