Starboard Value

(Newser) - The protracted battle between Papa John's and its former CEO appears to be coming to a close. CNBC reports the pizza chain has reached a settlement agreement with John Schnatter that dictates Schnatter, who owns about a third of the company's shares, will help pick an independent director...

(Newser) - Yahoo's entire board of directors should be swapped out, per an activist investor, and the AP reports that Starboard Value is going to nominate nine new board members Thursday, ratcheting up tensions between itself and the beleaguered Internet giant. The Wall Street Journal says it reviewed a letter from...

(Newser) - Everyone who was lucky enough to nab an Olive Garden all-you-can-eat pass , get ready. Starboard Value, an investor trying to wrest control from Olive Garden's parent company, submitted a nearly 300-page filing to the SEC yesterday outlining that it takes umbrage with the restaurant's unlimited breadstick policy, stating...

(Newser) - AOL's $1 billion deal to sell patents to Microsoft is a good first step, but major shareholder Starboard Value still has "serious concerns" about AOL's "poor operating performance," the activist hedge fund says in a letter to the AOL board. For that reason, Starboard Value...