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Yahoo Replaces Half Its Board of Directors
itwbennett writes "Yahoo's restructuring continued Tuesday with the ousting of 4 board members, including chairman Roy Bostock, according to an IDG News Service report. The move follows the resignation of Yahoo co-founder Jerry Yang in January and gives investors something they'd been calling for, says analyst Greg Sterling: 'Investors have felt for a long time that the board was just rubber stamping what the leadership was doing. They want a reinvigorated board with some independence. People will wait to see what's different but I think this will be seen as a positive.'"
No way they get half of what they could have gotten.
Doesn't seem to have had much effect
http://www.google.com/finance?q=YHOO
I'd give a link to a YHOO page for their financials but no one uses YHOO anymore.
"Science flies us to the moon. Religion flies us into buildings." - Victor Stenger
I can't believe they are still alive.
I just went to yahoo.com, and what a confusing mess! It's packed with tiny pictures, lists of links, and generally seems like the site doesn't know what it wants to be. Where do I make a blog, or a Yahoo! store, I don't know. The AOL-style 'be all things' isn't going to work when competitors can be better at just one thing.
Revenue declining year after year isn't going help either.
tomorrow who's gonna fuss
I guess now they are least half-witted.
Please do not read this sig. Thank you.
too bad one isn't forthcoming
World yawns, looks at watch.
These ousters are more interesting than they first appear...
Judging by this summary (now out of date) of the Yahoo board, 2 of the removed board members (Arthur Kern and Gary Wilson) were financial/investment guys (i.e. not technical people), 1 (Vyomesh Joshi) was a former "printer guy" from HP (whose technology credentials are highly suspect given his probable ties to Carly Fiorina), and 1 (Roy Bostock) was the current CEO.
Almost all of the people left on the board appear to have some decent technology credentials. If you wanted to "cut the fat" from the Yahoo board, you could do a lot worse than removing these four people.
Yahoo! Serious?
Translation: they want a board that will do what Microsoft wants.
Tired of FB/Google censorship? Visit UNCENSORED!
all the "top floor folks" need to be tossed on the slide, and they can "Ya-HOOOO" all the way into the dumpster. bunch of hopeless leeches to be burned off, and then corporate doctors can see if there are any veins left to bring this critical case back to life.
if this is supposed to be a new economy, how come they still want my old fashioned money?
One of the biggest innovations the new board members could bring with them would be a time machine that would enable them to travel back to 1999 and prevent Yahoo! from squandering $5.7 billion in capital on its acquisition of Broadcast.com from Mark Cuban.
These time travelling board of directors could then safeguard this capital from other potential blunders by locking it up in Apple Computer stock, which according to this inspired 1999 Motley Fool article admits Apple is "a very meaningful distance away from being a top tier Cisco, Intel, Microsoft or Yahoo!. That said, Apple is directionally on target and looking quite strong among the pack of PC makers." It would have been a much cheaper buy than Broadcast.com and left Yahoo! with pockets full of cash in 2012.
Yahoo!'s biggest problem over the years has been their leaders who have been suckers for hucksters who can deliver a good dog-and-pony-show and their organization itself has been unable to successfully deploy any new business concepts.
Seth
$5 / month hosted VPS on linux = awesome!
yahoo just doesn't get how a modern corporation works.
the headline SHOULD read "Yahoo replaces half of its board with other half." with the article text that the first half will be filling the void left by the half of the board replacing them.
In lieu of a car analogy... does anyone else NOT see this as the corporate equivalent of rearranging deck chairs on the Titanic?
I can't remember the last time I considered Yahoo! relevant. Sure, I have an email account with them and I use YIM, but they're not really differentiated in any way. I could lose both and still continue on with GMail and GTalk, for example. (Ok, so YIM has a bigger "smiley" set. Ooh. Big whup.)
Program Intellivision!
I think Yahoo should spin off each product as an independent subsidiary. Let them choose their own management and path to success (or not.) The corporate head should become a startup incubator creating new subsidiaries.
Reminds me of a front page headline from a small town in Western Australia in the 1920s: "Half the town council are idiots!" When threatened with a libel lawsuit, the editor agreed to an equally prominent retraction, and sure enough published an equally prominent front page headline the next day: "Half the town council are not idiots!" Genius..
I hear Kim Kardashian is available.
Have gnu, will travel.
http://rtpscrolls.blogspot.com/2006/11/angry-monkeys-and-cargo-cults.html
Forget Maynard Webb, they should hire Maynard G. Krebs.
When i signed up, it was for the biggest (in the uk) auction, dating, social network and webmail to rival Hotmail.
Now they could have been ebay, match.com and facebook rolled into one. They are just an advertizing vector for the competition, a shill for the murdoch empire and an aquisition target for the evil empire. Even the best of their tech (spam filter) is being used to suppress dissent.
Shuffling beancounters at the top wont change this. Puting quality of product over speculative value of shares may.
Still... someone has to store my spam
Yahoo! is still around? I thought that died off already...