website statistics

1 Star2 Stars3 Stars4 Stars5 Stars (Rate This)
Loading...

The Yahoo fiasco seems to have taken more toll than we have expected it to be. While we posted earlier that Yahoo’s CEO, Scott Thompson, had resigned over the whole issue that ensued because of a critical error in his resume, it now seems that he was not the only one to resign. Along with, four members of Yahoo’s board of directors.


The whole issue had started when the investment firm, Third Point, discovered the resume error. As a result, Daniel Loeb, one of the chief investors in Yahoo, started demanding that Thompson should resign immediately and a new CEO must be chosen. While initially Yahoo chose not to respond to this, now it seems that Loeb did score a win after all.

Thompson was not the only one to resign over this issue. Alongside, four members of the board, including VJ Joshi, Patti Hart, Arthur Kern and Gary Wilson, also resigned. This is on top of the fact that the Chairman of the board, Roy Bostock, has already been replaced by Fred Amoroso.

Interestingly, all this fared exceptionally well for Loeb who has been able to get himself a nice, solid presence on the board. Yahoo has allowed Loeb and two of his allies to be a part of the board as part of the settlement agreed upon by Third Point and Yahoo.

Loeb was definitely joyous over the news, “Harry, Michael, and I are delighted to join the Yahoo Board and work collaboratively with our fellow directors to foster a culture of leadership dedicated to innovation, excellence in corporate governance, and responsiveness to users, advertisers, and partners. We are confident this board will benefit from shareholder representation, and we are committed to working with new leadership to unlock Yahoo!’s significant potential and value.”

Source: CNET

Buy Cheapest Related Product From Amazon.com


[Tutorial] How To Create A Shortcut Which Will Delete All Your Tracks On Computer

Apple Still Unsure About The Design Of iPhone 5
You can also press the left/right arrow key on your keyboard to go to previous/next post
  On May 15, 2012(4 years, 1 month ago.)

You May Also Like:

What Do You Think?

Leave a Reply




Loading Facebook Comments ...

FTC Disclosure: Some of the links of this website are "affiliate links." This means if you click on the link and purchase the item, we will receive an affiliate commission.


Recent Search

Recent Tutorials

CiderTV is a great alternative to control Apple TV from the Notification Center. Check out this tutorial to set up CiderTV on your iPhone.
Are you annoyed by the split screen mode on the iPhone 6 Plus or 6s Plus? Check out this quick tutorial to turn off split screen feature.
If you could not wait to installed the iOS 10 beta version on you iPhone and now struggling for the errors, then this tutorial is for you.
Siri might not understand the question you asked. But you can use Siri by editing the text that you asked & it will give an updated answer.
Perhaps, you are new Apple user and you might have no idea how to change name of your iPhone. Check out this tutorial to change the name.
Check out this tutorial to lock Android phone using PIN code, Password or Pattern. Following the easy steps, you can secure your smartphone.
If you could not figure out yet, how to save and send GIF from your iPhone, then this tutorial is just for you.
Google released 'Ambient Display' feature with Android 5.x Lollipop. Check the tutorial to know how to turn off Android’s Ambient Display .
Have you recently got your 3D Touch iPhone 6s and struggling to delete apps? Go through the tutorial to learn how to delete or move the apps.
Just read this tutorial by yourself and from now on, we will show you, how you can make your iOS device read text loudly for you.
Close You Have To Login
User:
Pass:
Login With »Login With TwitterLogin With Facebook