Activist investor Starboard Value nominates five people for election to AOL's (AOL -1.4%) board,...

|About: AOL Inc. (AOL)|By:, SA News Editor

Activist investor Starboard Value nominates five people for election to AOL's (AOL -1.4%) board, likely the start of an intense debate about AOL's business strategy. Starboard, which owns ~5.2% of AOL's shares outstanding, says in a letter that it has engaged in "ongoing dialog" with AOL's management over the last two months, but claims its conversations have stalled.