Yahoo shareholders to nominate a number of candidates forced Mui CEO to step down

Yahoo is also considering splitting the current stake held by Ali, but some shareholders have lost patience, do not want to wait the results.

IDG December 15, according to foreign reports, Yahoo said on Monday a shareholder, the company should consider former executive Ross Levinsohn (Ross Levinsohn) or Jacqueline Leise Si (Jacqueline Reses ) return to the company, to take over Marissa Mayer (Marissa Mayer) as CEO. Yahoo is currently facing a shareholder require companies to adjust the strategic direction of the pressure.

Yahoo shares held by hedge funds SpingOwl Asset Management general manager Eric Jackson (Eric Jackson) said the company has considered the digits to replace Meyer candidates, but did not make a final decision. He said, "Levinsohn as interim CEO of Yahoo Yahoo four years ago. I think it was one of the reasons he was chosen as interim CEO, Yahoo is because he has led in the right direction of the front line strategy. "Jackson, including a number of Yahoo shareholders, including Meyer has begun to feel dissatisfied and appealed to Yahoo's board to take other strategies, rather than the company's recently announced plan.

Jackson also said that previously served as Yahoo's chief development officer, and join the mobile payment company Square of this fall, it should be one Yahoo CEO candidates. Jackson saw Leise Si reason, because the latter are very familiar with the current Yahoo, and has private industry background. Prior to joining Yahoo, 雷瑟斯 had worked at private equity firm Apax Partners. Jackson said, "No matter who served as Yahoo CEO, the first task should be to slash the company's expense."

As of now, Yahoo declined to comment for this story aspect. By including aggressive hedge funds and other investors Starboard Value pressures, Yahoo held last Wednesday to renounce spin-off Alibaba Group equity plan. Yahoo investors had worried that this deal could make the company was forced to pay billions of dollars in taxes, thus affecting the overall value of the company. Yahoo said the company through a reverse transaction, spinning off a separate company, holds the remaining assets of the company.

According to sources, Meyer currently is supported by Yahoo's board. She will complete this new plan Yahoo within a limited time. However, because of the complexity of the transactions, to complete the transaction may take at least a year.

Starboard Value and other shareholders now no longer willing to wait patiently Yahoo spin-off plan. They have sent a letter to the Yahoo board, Yahoo clearly raised objections to the current plan. Yahoo shareholders Canyon Capital Advisors (Canyon Capital Advisors) on Friday sent a letter to the Yahoo board, Yahoo urged its core Internet business or find a buyer for the entire company. SpringOwl Asset Management is recommended to cut 75 percent of Yahoo employees, looking good at operations, CEO, and look for a help resolve tax issues Yahoo's strategic partner.

Canyon Capital currently holds about 1.1% of the shares of Yahoo. The company in December 11 letter caused Yahoo's board said that Yahoo should sell the whole company or part of the assets as possible. Canyon Capital believes that in the case of Yahoo's main business shrinking, wait one year to complete the spin-off is clearly excessive when used.

Another major shareholder of Yahoo, told Reuters, after Yahoo announced a reverse spin-off plan, the fund has sent a letter to Yahoo's board, requires the company to sell core assets, rather than spin.

Hedge funds are initially requested a split Yahoo's stake in Alibaba Group shareholders. However, because the IRS did not approve in advance the tax-free transaction performed, Starboard also urged Yahoo's board to abandon the deal. Starboard said that if dissatisfied with the performance of Yahoo, the company will be held in the Yahoo shareholders meeting in the spring of next year, this company launched a proxy battle. (Mingxuan)