1. Yahoo CEO Mayer in Familiar Hot Seat Amid Starboard Push

    Yahoo CEO Mayer in Familiar Hot Seat Amid Starboard Push

    Activist investor Starboard Value LP yesterday sent a letter to Mayer urging her to consider strategic alternatives to “unlock value” at the Web portal, including a combination with AOL Inc. (AOL) Starboard CEO Jeffrey Smith also recommended to Mayer that she cut costs and stop making new acquisitions that she has been undertaking to boost the Sunnyvale, California-based company’s growth.

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    1. We will continue to focus on evaluating various capital allocation initiatives, an update to which we plan to provide on our third-quarter earnings call.
    2. Focusing on acquisitions has not worked.
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