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  "documentTitle": "Yahoo! Inc. (YHOO)",
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  "authorName": "Jeffrey C. Smith",
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  "presentationDate": "2016-01-06 00:00:00",
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  "notes": "The slide highlights a discrepancy between the Chairman's public statement and the company's reported actions.",
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      "text": "This is unacceptable. By making the above statement, while simultaneously ignoring serious interest, you are sending potentially destructive mixed messages.",
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      "text": "Over the past 13 years, we have been involved in similar turnaround efforts... The Board must be able to assess and compare a stand-alone spin-off and restructuring of the Core Business... versus the value that could be received today through a competitive sale process.",
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      "text": "This is unacceptable. By making the above statement, while simultaneously ignoring serious interest, you are sending potentially destructive mixed messages.",
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      "text": "We are highly confident that there are interested and credible buyers for Yahoo's Core Business... Yahoo has thus far ignored this inbound interest. This is highly concerning to us because when recently asked specifically on CNBC, Maynard Webb, Yahoo's Chairman, stated that if Yahoo received inbound interest from potential strategic or financial buyers the Board would engage with those parties:",
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      "kind": "paragraph",
      "text": "is extremely difficult. To be successful, dramatically different thinking is required, together with significant changes across all aspects of the business starting at the board level, and including executive leadership.",
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      "text": "The Board has fiduciary obligation to engage with any legitimate person that comes forward with a good offer. The Board will always do its fiduciary obligations when something like that occurs. - Maynard Webb, December 9, 2015",
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      "text": "\"The Board has fiduciary obligation to engage with any legitimate person that comes forward with a good offer. The Board will always do its fiduciary obligations when something like that occurs.\" — Maynard Webb, December 9, 2015",
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