Starboard Value Plans Majority Overhaul of Tripadvisor Board, WSJ Reports

Starboard Value Plans Majority Overhaul of Tripadvisor Board

Starboard Value, a hedge fund, is planning to push for a majority overhaul of Tripadvisor's board, according to a report by the Wall Street Journal ^[3]. The move is seen as a significant development in the ongoing struggle for control of the company.

Background

Tripadvisor has been facing increasing pressure from activist investors, who have been pushing for changes to the company's leadership and strategy. Starboard Value has been a key player in this effort, and its plans for a board shake-up are seen as a major step forward.

Details of the Plan

According to the WSJ report, Starboard Value plans to nominate a slate of new directors to the Tripadvisor board. The exact details of the plan are not yet clear, but it is expected to be announced in the coming days.

Impact

The move is seen as a significant development in the ongoing struggle for control of Tripadvisor. If successful, it could lead to a major overhaul of the company's leadership and strategy, and potentially even a change in ownership.

Sources

[3] Starboard to push for big board shake-up at Tripadvisor- WSJ

Importance

The importance of this story is 7, as it is a significant development in the ongoing struggle for control of Tripadvisor. It has the potential to lead to major changes in the company's leadership and strategy, and could potentially even affect its ownership structure.

Is Breaking

The story is not breaking news, as it is not a recent event. However, it is still a significant development that is worth noting.

Primary Source Index

The primary source index for this story is 3, as it is based on the report by the Wall Street Journal.

Excerpt

Starboard Value plans to push for a majority overhaul of Tripadvisor's board, according to a report by the Wall Street Journal.