“Thompson has got to make his case. And now he has to do it persuasively because there’s another guy who is going to make his case persuasively,” said Lawrence Haverty, a fund manager with GAMCO Investors, which owns Yahoo shares. Just over the course of three months time since Yahoo’s CEO Scott Thompson was appointed for the role, faces a proxy shutdown...

Activist fund Starboard Value LP which recently raised its stake in America Online to 5.1%, nominated a slate of five candidates to AOL board, saying...