Yahoo's Jerry Yang accused of playing both sides in big sales deal

On the same day that potential Yahoo buyers faced a deadline to sign confidentiality agreements, co-founder Jerry Yang came under a fresh attack from an activist shareholder who demanded his resignation. In a letter to Yahoo's board, Daniel Loeb, chief executive officer of hedge fund Third Point LLC, said he was "deeply concerned" Yahoo is looking at deals that will allow private equity firms to gain substantial equity positions in the company. "More troubling are reports that Mr. Yang is engaging in one-off discussions with private equity firms, presumably because it is in his best personal interests to do so," added Loeb. Click here for full story