Yahoo’s Mayer Makes ‘Secret Truce’ with Investor

MarketWatch: Yahoo CEO Marissa Mayer struck a secret truce in April 2015 with the activist investor who was threatening a battle for boardroom seats at the troubled internet company. Mayer and her executive team agreed to be more mindful about Yahoo’s rising costs. In return, the activist investor, Starboard Value CEO Jeffrey Smith, agreed to withdraw his board nominations. Mayer later played down the threat from Starboard.