Yelp Evades Fire but Isn’t Bulletproof

SQN Investors LP sent another letter to the online review company saying it wouldn’t challenge Yelp’s board of directors at the coming annual shareholder meeting. During its fourth-quarter results call, Yelp outlined several significant business changes made at the apparent behest of SQN, including the addition of three new independent directors to its board. In a January letter, SQN threatened a proxy fight if its mandates to turn around…

Source: www.wsj.com