ladies and gentlemen

  • 08 Sep 2011 at 12:30 PM

Dan Loeb Would Like A Word With The Yahoo Board

Sayeth DL:

Board of Directors
Yahoo! Inc.
701 First Avenue
Sunnyvale, CA 94089
Attention: Mr. Roy Bostock, Chairman

Dear Ladies and Gentlemen:

Third Point LLC (“Third Point”) is a registered investment adviser with approximately $8 billion under management. We are writing to inform you that certain investment funds we manage have acquired a 5.1% interest in Yahoo! Inc. (the “Company” or “Yahoo”), bringing our holdings of common stock and currently-exercisable equity options to 65,000,000 of the outstanding shares, and positioning us as the Company’s third largest outside shareholder.

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Authorities detained Glenn Neff, 27, after they spotted him in a red Jeep Cherokee that was parked in an isolated part of the park after closing time Monday. The vehicle, which contained fireworks, also was fitted with a turret and multiple tubes from which the explosives were to be deployed. Neff, a resident of Stuart, Fla., told authorities that he did not want to hurt anyone and was planning to detonate the fireworks to draw attention to himself and issues he had with the banking industry…According to his Facebook page, Neff attended Stetson University in Florida. He describes his occupation as “Humanity’s Last Best Hope for Freedom.” In an “open letter” posted on the site in January, Neff wrote, “I have come to the inescapable conclusion that the bankers at the Federal Reserve engineered this financial crisis on purpose. And ladies and gentlemen, I have figured out how to get rid of the b*stards.” [NYP]