New management Yahoo is not good again

The appointment of three new directors at Yahoo has again not been successful at shareholder and hedge fund manager Daniel Loeb, who with his investment firm Third Point demands more control over the company. Yahoo has Sunday as head marketing John. D. Hayes of American Express appointed, as COO Peter Luguori of Discovery and as CFO Thomas Thomas J

The appointment of three new directors at Yahoo has again not been successful at shareholder and hedge fund manager Daniel Loeb, who with his investment firm Third Point demands more control over the company.

Yahoo has Sunday as head marketing John. D. Hayes of American Express appointed, as COO Peter Luguori of Discovery and as CFO Thomas Thomas J. McInerney of IAC / InterActiveCorp.

Major shareholder Daniel Loeb is not satisfied, despite the appointment of a reorganization advisor Harry Wilson that was proposed by Loeb himself. Yahoo says the company wants to avoid a proxy fight, with shareholders appointing new members for the Board of Directors. But Loeb has threatened that he will intervene. Loeb has previously resisted the dominant position of co-founder Jerry Yang, who left earlier this year.

Third Point is one of the largest investors in Yahoo with a six percent stake. The company manages a portfolio of nine billion dollars.