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Yahoo Replaces Half Its Board of Directors

Posted by Unknown on from the firing-everyone-fixes-everything dept.

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.'"

4 of 48 comments (clear)

  1. Doesn't seem to have had much effect by vlm · · Score: 4, Informative

    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
  2. Is Yahoo dead, or can they come back? by mounthood · · Score: 4, Informative

    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
    1. Re:Is Yahoo dead, or can they come back? by Anonymous Coward · · Score: 2, Informative

      Took me a couple minutes but maybe you were looking for the search page rather than the cluttered yahoo homepage?

      http://search.yahoo.com

  3. More interesting than it would first appear... by Rone · · Score: 4, Informative

    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    Judging by this summary (now out of date) of the Yahoo board, 2 of the removed board members (Arthur Kern and Gary Wilson) were financial/investment guys (i.e. not technical people), 1 (Vyomesh Joshi)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.