In an interview published Friday with Mike Fleming Jr. of Yahoo! Movies, actor George Clooney took a swipe at hedge funds, saying that the multi-billion dollar investment groups often ruin businesses with their obsession with the bottom line. Then they get bailed out by the government and are never held accountable.
NEW YORK (Reuters) - Shareholder activist Daniel Loeb has scooped up shares of Yahoo Inc and is demanding that the company overhaul its board, saying the directors have made "serious misjudgments" and "destroyed value" for stockholders.
