Breaking News: Malaysia organizations don't realize severity of cyberattacks

ZDNet / News / Internet

Yahoo chairman steps down, reviews continue

By , ZDNet Asia on February 8, 2012 

 

Summary

Web giant's Roy Bostock and three other directors won't stand for re-election, as company ploughs on in strategic review of Asian assets.

Events

Echelon 2012
June 11 and 12, 2012

University Cultural Centre, National University of Singapore

Startup Asia Jakarta 2012
June 7 and 8, 2012

12th Floor, Annex Building, Wisma Nusantara Complex, Jl. M.H. Thamrin No. 59 Jakarta 10350, Indonesia

MMA Forum Singapore
April 23-25, 2012

Grand Hyatt Singapore

Submit

Yahoo's chairman Roy Bostock and three other directors will not seek re-election, as discussions on the company's stakes in Alibaba Group and Yahoo Japan drags on.

The U.S. Internet giant said in a letter to shareholders Tuesday that Rostock and three other directors, will not be standing for re-election in the next shareholders' meeting. While a replacement for Rostock was not named, Alfred Amoroso, former Rovi CEO and IBM veteran and Maynard Webb, ex-eBay COO were appointed as independent directors. 

Bostock's tenure comes after the departure of Yahoo's co-founder Jerry Yang and the appointment of former PayPal president Scott Thompson as CEO, replacing Carol Bartz who was fired in September 2011. 

"We all take pride in the fact that we are positioning Yahoo for success in the future," Bostock said in the letter. "I have every expectation that under Scott's leadership, working together with the reconstituted board, the company will thrive for many years to come."

The letter further stated that the company was in the midst of a strategic review. Bostock said it had engaged potential investors and reviewed proposals concerning an equity investment in the company. However, no proposals were deemed attractive to shareholders at the moment.

The company had also been in "active discussions" with its Asian partners regarding the possibility of restructuring its assets in Alibaba Group and Yahoo Japan.

Most of Yahoo's directors will be new to the board, all having joined since 2010. The company said the "reconfigured board" with new perspectives and diverse skills would enable the company to move forward more aggressively.

Talkback

Add your opinion

In order to post a comment, you need to be registered. (Sign In or register below)

Post your comment

Resource Centre Useful content from our premier sponsors

Latest Stories

Sony Mobile yanks feature phones from India

HP to shed 27K workers by 2014

Homegrown smartphone OSes gaining favor in China

Big data acquisitions pave way to fast, effective innovation

Integration, focused investments to propel Windows Phone

ZDNet Asia Live

42 bands from 15 countries to feature at Music Matters Live 2012 which will beam live via YouTube for 1st time this year. #mm12

Music Matters to be launched in Bali via partnership w/Telkom Indonesia. #mm12

HP to shed 27K workers by 2014 http://t.co/OevueOGh http://t.co/erFSwAUB #arcavir

http://t.co/VNaUVSe1 HP to shed 27K workers by 2014: IT vendor plans exit of 8 percent of gl... http://t.co/5LKpdBSZ http://t.co/wiqTBKkj

China solar cell makers seek Taiwan partnershipshttp://bit.ly/JErUGz via @zdnetasia #solar #energy #china

Malaysia organizations don't realize severity of cyberattacks http://t.co/PUCv68Rd

News: Radio Costa Rica by EnjoyIT 1.0: Radio Costa Rica allows you to listen to a great var... http://t.co/BLzVT5As http://t.co/1Dhcy6ki

The key for mobile operators is identifying the applications that are popular with subscribers on their network. They can then work partn...

3 hours ago by camcullen on Experience trumps content in apps monetization

Experience trumps content in apps monetization | ZDNet http://t.co/gBXcjbGd

Experience trumps content in apps monetization - ZDNet Asia News: "What we are doing currently is not to monetiz... http://t.co/S2EZtd8m

Malaysia organizations don't realize severity of cyberattacks: "Minister Maximus Johnity Ongkili said at the Sec... http://t.co/bgVlOBvx

#security Malaysia organizations don't realize severity of cyberattacks: "Minister Maximus Johnity Ongkili said ... http://t.co/hkFb4zrI

Malaysia organizations don't realize severity of cyberattacks http://t.co/EEEmRM3j via @zdnetasia

Malaysia organizations don't realize severity of cyberattacks - ZDNet Asia News http://t.co/YpNMYgb5

Malaysia organizations don't realize severity of cyberattacks http://t.co/FFems54Q

China solar cell makers seek Taiwan partnerships http://t.co/p5Hh7kJD

So much as we know , MTK6575 extremely integrated frequency1GHz ARM Cortex-A9 processor, the superiority of 3G / HSPA Modem, and help the...

1 day ago by y15822137359 on 5 SaaS adoption speed bumps to avoid

I reckon your view: "CRM is strategy, not software", if a company replicating the approach uses in ERP implementation into CRM, what they...

3 days ago by wykoong on Gartner: Mobile CRM gives better ROI than social

This video will teach you about the Excel fill handle but also provide you with a workook to download... http://www.youtube.com/watch?v=...

3 days ago by TradeBrother on A quick fill handle trick for Microsoft Excel

waiting...

5 days ago by eapete on What should count in a company's market value?

Boy, you've opened a can of worms now.

Wait for the rants & raves.

5 days ago by eapete on What should count in a company's market value?

I was puzzling before this whether to replicate the success formula we executed for a financial institute, and come out with a standard s...

6 days ago by wykoong on Drop the egos, copy ideas, then innovate

Keep up with ZDNet Asia

Facebook Join our fan page

RSS Feeds Subscribe now

NewslettersNewsletters Subscribe today

Twitter Follow us