The entire board of the troubled Internet Company after saying it has trade and failed to work with the company for the past 18 months. Josh lipton has more on this intensifying board battle. Reporter starboards letter distance mince words, saying yahoo s board and management have failed to deliver results for shareholders. Starboard saying significant board change is desperately needed to hold management accountable and properly oversee any operational turnaround plan, separation, or sale of assets. Ceo Marissa Mayer has tried to turn around the company by cutting costs and concentrating on growth areas like mobile advertising but it has been a losing battle. The company will generate less than 3 billion in digital ad revenue this year, a drop of 14 from last year, according to researcher e. Marker. That would be the single biggest annual drop in sales for yahoo in the seven years sense emarker began tracking it. We think this core business is worth more than zero which is where its v
The entire board of the troubled Internet Company after saying it has trade and failed to work with the company for the past 18 months. Josh lipton has more on this intensifying board battle. Reporter starboards letter distance mince words, saying yahoo s board and management have failed to deliver results for shareholders. Starboard saying significant board change is desperately needed to hold management accountable and properly oversee any operational turnaround plan, separation, or sale of assets. Ceo Marissa Mayer has tried to turn around the company by cutting costs and concentrating on growth areas like mobile advertising but it has been a losing battle. The company will generate less than 3 billion in digital ad revenue this year, a drop of 14 from last year, according to researcher e. Marker. That would be the single biggest annual drop in sales for yahoo in the seven years sense emarker began tracking it. We think this core business is worth more than zero which is where its v
Plus, five other wealthy U.S. donors and a couple from Switzerland and New Zealand also signed the pledge to give away at least half of their wealth to charity.
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