Hedge Fund Manager Criticizes Yahoo for Wasting $3 Billion On Poor Acquisitions

posted onDecember 16, 2015
by l33tdawg
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Credit: https://static-ssl.businessinsider.com/image/566eba1a72f2c193108b5441-2743-2057/461277991.jpg

Marissa Mayer just gave birth to twins, but she’s not getting a pass from Eric Jackson, a fund manager who just launched a big attack on her as Yahoo CEO.

Jackson sent a 99-page presentation to Yahoo’s board outlining his case for why Yahoo should drop Mayer as CEO and find new management.

His presentation is also a warning shot that Yahoo should not sell its core business right now.  In Jackson’s view, Yahoo’s core business is undervalued after being poorly managed by Mayer. Selling today would mean selling it at a low point. He thinks that selling Yahoo today would only enrich some private equity people while current shareholders would miss out on upside.

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