News and Articles About Marissa Mayer
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When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis.
Bidders include frontrunner Verizon, inventor Dan Gilbert (backed by Warren Buffett), TPG, and a consortium that includes Bain Capital and former Yahoo CEO Ross Levinsohn.
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Bidders were asked details about financing, conditions or approvals the company would need to meet, according to The Wall Street Journal.
Starboard, which owns an estimated 1.7 percent of Yahoo, said it would nominate nine candidates as possible replacements.
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The move comes two days after Bloomberg reported activist investor Starboard Value LP was taking initial steps toward a potential proxy fight with Yahoo.
'We believe a simplified Yahoo will create greater shareholder value over the long term,' said CEO Marissa Mayer.
The embattled CEO announced her daughters' arrival on Tumblr.
The board cited 'tax risk' as its reason for the change of course.
There are rumors that the board is considering selling its core Internet business.
Top staffers dressed as characters from the classic film, including Mayer as Dorothy, complete with blue-ribboned braids and a cheeky grin.
The CEO's turnaround plan for Yahoo is looking less promising by the day.