Hedge Fund Manager Not Impressed By Marissa Mayer’s Victory Speech


The embattled Yahoo! chief, in the wake of the first good news she’s gotten in the past two years, told activist hedge funds where to stick it this week. Well, one such hedge fund manager is returning the favor.

The market has "seen through" Mayer and Yahoo's board of directors, Burbank said. Within the next few months, though, Yahoo's leadership will have to unveil their plan because the market will not allow a "wasting of money to pay taxes when you could separate assets," he said.

Expect more activism in Yahoo, says hedge funder [CNBC]
Yahoo CEO Marissa Mayer parries activist investor attacks [Reuters]
Marissa Mayer Fires Back At Her Critics [BI]