1. Yahoo's Marissa Mayer Stumbled After Secret Truce With Prodding Investor

    Yahoo's Marissa Mayer Stumbled After Secret Truce With Prodding Investor

    By Douglas MacMillan After weeks of negotiations, Yahoo Inc. Chief Executive Marissa Mayer struck a secret truce in April 2015 with the activist investor who was threatening a battle for boardroom seats at the troubled internet company. Ms. Mayer and her executive team agreed to be more mindful about Yahoo's rising costs. In return, the activist investor, Starboard Value LP CEO Jeffrey Smith, agreed to withdraw his board nominations. The talks haven't been previously reported...

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    1. Some of our investors think they own more of the company than they actually do.
    2. Her core mistake was this belief that she could reinvent Yahoo.
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