{"id":29023,"date":"2012-05-15T07:53:52","date_gmt":"2012-05-15T11:53:52","guid":{"rendered":"http:\/\/www.hedgeco.net\/news\/?p=29023"},"modified":"2012-05-15T07:53:52","modified_gmt":"2012-05-15T11:53:52","slug":"loeb-makes-122-million-on-yahoo-as-thompson-steps-down","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2012\/loeb-makes-122-million-on-yahoo-as-thompson-steps-down.html","title":{"rendered":"Loeb Makes $122 Million on Yahoo as Thompson Steps Down"},"content":{"rendered":"<p>Bloomberg &#8211; Daniel Loeb\u2019s New York-based Third Point LLC, has made almost $122 million so far on its stake in\u00a0Yahoo! Inc. (YHOO)\u00a0after successfully forcing Chief Executive Officer\u00a0Scott Thompson\u00a0to step down.<\/p>\n<p>Loeb, 50, whose hedge fund owns 5.8 percent of the Web portal, has been pushing to shake up its board since September 2011, when he told the company that directors had erred in spurning a takeover bid from Microsoft Corp. Yahoo rose the most in three weeks yesterday following Thompson\u2019s decision to leave, after Loeb flagged discrepancies in the CEO\u2019s resume.<\/p>\n<p><a href=\"http:\/\/www.bloomberg.com\/news\/2012-05-15\/loeb-makes-122-million-on-yahoo-as-thompson-steps-down.html\" target=\"_blank\"><strong>Read Complete Article<\/strong><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bloomberg &#8211; Daniel Loeb\u2019s New York-based Third Point LLC, has made almost $122 million so far on its stake in\u00a0Yahoo! Inc. (YHOO)\u00a0after successfully forcing Chief Executive Officer\u00a0Scott Thompson\u00a0to step down. Loeb, 50, whose hedge fund owns 5.8 percent of the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-29023","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29023","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=29023"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29023\/revisions"}],"predecessor-version":[{"id":29024,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/29023\/revisions\/29024"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=29023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=29023"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=29023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}