His size was intimidating
Loeb ran a hedge fund called Third Point, which owned more than 5 percent of Yahoo and had, only months before, forced the resignation of Yahoo’s previous CEO.
Wolf was an important ally for Levinsohn to have, too.
He wanted it to stop competing with technology businesses like Google and Microsoft and focus entirely on competing with media and content businesses like Disney, Time Warner, and News Corporation.It was during this part of his presentation that Levinsohn began to feel the permanent Yahoo CEO job slipping away. Wolf, the man in charge of the committee tasked with hiring a permanent CEO, began to question the wisdom of the deal.