Global Proxy Watch: Will Yahoo! be Blogsmacked?
Stephen Davis, the editor of Global Proxy Watch -- the 11-year old bible for institutional investors with an interest in activism -- gave "Plan B" some coverage this week. Here's an excerpt:
Breakout Performance, a blog operated by Florida investor Eric Jackson, last week began stirring a netroots shareowner rebellion at Yahoo. "Activist investing has principally been the domain of hedge funds -- well, no longer," writes Jackson. Steamed at Yahoo's laggeing performance, he is using "blogging, vlogging, LinkedIn Answers, Flickr mash-up photos, wikis, and polling to force change." That's hardly your mother's money management. Jackson is proposing a "Plan B" -- in a wiki with reader input -- to restore Yahoo to growth. But he needs institutional fund support to gain clout.
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