UPDATE, 7:18 AM: ”This is a significant milestone for us and for the future of the company” CEO Tim Armstrong said this morning after his victory over Starboard Value’s Jeffrey Smith at the shareholder meeting in Boston. He called the election of the management-endorsed board candidates “a clear indication” that investors “believe the value of the company will be larger in the future than it is today.” That doesn’t mean the criticism will end.
Aol Beats Back Dissident Proxy Fight To Join Its Board
DAVID LIEBERMAN, Executive Editor, Deadline.com
Thu, 06/14/2012 - 6:32am
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