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Are Investors Turning On Yahoo Management?

  • Forbes, Wednesday, July 30, 2014 11:38 AM
Calling Carl Icahn. Yes, with the honeymoon officially over between Marissa Mayer and Yahoo investors, Forbes’ Eric Jackson says it’s time for another activist investor to take on the company’s leadership. “Investors would rather get all of the cash coming back to Yahoo from the pending Alibaba IPO, as well as what’s already on the balance sheet, rather than see … Mayer and her management team spend it on value-destroying acquisitions,” Jackson writes. As for Mayer, Jackson adds: “Two years after her hiring … I think it’s fair to point out that she has made a number of costly and largely self-inflicted errors.”

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