SANTA MONICA, Calif., May 9 (UPI) -- Activist investor Daniel Loeb, founder of hedge fund Third Point, said U.S. search engine firm Yahoo! Inc., had been "left to flounder" under flawed leadership.
Loeb said he "took no joy in witnessing this carnage," referring to the controversy over Yahoo! Chief Executive Officer Scott Thompson's padded company biography, which said he earned a college degree in computer science, when he did not.