Yahoo’s poor performance

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IN what is quite an unusual move, Starboard Value, a significant investor in internet company Yahoo, has called for the replacement of the entire board in a letter to other shareholders, where it says it is “extremely disappointed with Yahoo’s dismal financial performance, poor management execution, egregious compensation and hiring practices.”

Latest figures for Yahoo, which is cutting costs and shedding staff, showed that it made a loss of €3.9 billion. 

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