1. Hedge Funder Slams Yahoo: 'It is Unacceptable to Pay $230 Million for Zombie Companies Run by Former Googlers' (YHOO)

    Hedge Funder Slams Yahoo: 'It is Unacceptable to Pay $230 Million for Zombie Companies Run by Former Googlers' (YHOO)

    On Monday morning, Eric Jackson, the manager of hedge fund SpringOwl, sent a brutal 99-page presentation to Yahoo's board, outlining his case for why Yahoo should drop Marissa Mayer as CEO and find new management. Jackson points out that Yahoo has burned through $3 billion on M&A in the past three years since Mayer took the reins, which contributes to $10 billion in what Jackson calls Yahoo's misallocated capital...

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