"Loeb, chief executive of hedge fund Third Point, which holds 5.8 percent of Yah... | Hacker News

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jizzard on May 8, 2012 | parent | context | favorite | on: Yahoo CEO apologizes in memo, board meets

"Loeb, chief executive of hedge fund Third Point, which holds 5.8 percent of Yahoo's shares"

"Yahoo, whose revenue slid by more than a fifth last year"

Loeb might just be looking for a scapegoat.

qty899 on May 8, 2012 [–]

I'm not sure what you're implying. He doesn't run Yahoo. He makes no managerial decisions. He doesn't even sit on Yahoo's board.

s3b on May 8, 2012 | [–]

But he's responsible for his fund investing a huge amount in a bad stock. He's probably trying to find a scapegoat for that decision.

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