After weeks of negotiations, Yahoo Inc. Chief Executive 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. In return, the activist investor, Starboard Value LP CEO Jeffrey Smith, agreed to withdraw his board nominations. Ms. Mayer and her executive team agreed to be more mindful about Yahoo’s rising costs. The talks haven’t...

Source: Wall Street Journal June 17, 2016 14:43 UTC