Cramer: Rick Hill Could Be Yahoo!'s Trojan Horse

TheStreet's Jim Cramer is taking Starboard Value's effort to remove Yahoo!'s (YHOO) board of directors very seriously Thursday. Why? Rick Hill is involved. 

Hill, the interim CEO and executive chairman of Tessera Technologies (TSRA)  , is one of the nine people Starboard wants on Yahoo!'s board.

"I know Rick," said Cramer. "If Starboard gets in or Rick gets in, you're going to want to own Yahoo! Rick Hill is the Trojan horse who is going to bring you a gift."

Yahoo! should work with and create value for shareholders, Cramer said. Don't forget the "huge win" Starboard had with Darden Restaurants (DRI) , he added. 

Don't sell Yahoo! stock now, Cramer said. He's more inclined to buy the stock, thinking management will come to their senses and work with Starboard rather than fight it. 

At the time of publication, Cramer's Action Alerts PLUS had no position in companies mentioned.

More from Opinion

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Why Ether and Ripple -- But Not Bitcoin -- Prices Might Come Under Pressure Soon

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

Daily Chatter: Here's Where the Markets Stand After Tuesday's Beating

3 New Investing Myths That Must Be Busted

3 New Investing Myths That Must Be Busted

Why a Global Stock Market Crash Is Coming

Why a Global Stock Market Crash Is Coming

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry

Sears CEO Eddie Lampert Looks Like He Is Sucking Company Dry