◆ Contrarian Corpus
Campaigns / Starboard Value → Yahoo! Inc.
Starboard Value vs. Yahoo! Inc.

Yahoo! Inc. · YHOO

4 decks published between 2015-08-10 and 2016-03-24 — 23 pages, 23 analysed slides total.

follow up proxy fight

Timeline

Each deck in chronological order — click to open. This is the story of the campaign as it unfolded.

  1. 2015-08-10 follow up

    Starboard_Value_LP_Letter_to_YHOO_11.19.15

    7pp · letter

    Yahoo's Core Business is collapsing because of $550M of self-inflicted cost bloat; cutting costs and replacing the Microsoft search deal can restore profitability without touching Alibaba.

    N 4 V 2 C 3
    ” ⚑
  2. 2015-11-19 follow up

    Starboard_Value_LP_Letter_to_YHOO_08.10.15

    4pp · letter

    Yahoo should scrap the Aabaco spin-off and instead sell the Core Business outright, returning cash to shareholders and keeping Alibaba and Yahoo Japan stakes in the remaining entity.

    N 4 V 2 C 2
    ◫ ⚑
  3. 2016-01-06 follow up

    Starboard_Value_LP_Letter_to_YHOO_01.06.16

    5pp · letter

    Three years of failed turnaround have collapsed Yahoo's Core Business; Starboard demands a competitive sale process and leadership change, or it will launch an election contest.

    N 4 V 2 C 2
    ◫ ” ⚑
  4. 2016-03-24 proxy fight

    Starboard Value Delivers Letter to Yahoo Inc. Shareholders

    7pp · letter

    Yahoo's board has failed for years on operations, capital allocation, and governance; replace it with Starboard's nine nominees to run a credible Core Business sale and unlock value.