Embattled Yahoo reportedly has a new plan for keeping dissident shareholders at bay: pack its board with supporters ahead of an anticipated proxy fight with hedge fund Third Point.
AllThingsD reports that Yahoo leadership is beating the bushes for three more directors to fill the vacancies created in February when five of its 11 board members announced they wouldn't stand for re-election. Yahoo has already named two new directors -- former Rovi CEO and patent-litigation enthusiast Alfred Amoroso and former eBay exec Maynard Webb.
The struggling Web giant, however, is in a race against time. Last month, Third Point named an alternative slate of four candidates, … Read more