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BUSINESS
February 1, 2008 | From Times Wire Services
Terry Semel stepped down as Yahoo Inc.'s chairman, severing his ties with the slumping Internet icon 7 1/2 months after he resigned as chief executive under shareholder pressure. The Sunnyvale, Calif.-based company named another director, Roy Bostock, to replace him as nonexecutive chairman. Semel, 64, who joined Yahoo in 2001, was hailed for building its ad business after the Internet bubble burst. But he faced calls for his dismissal as the stock tumbled last year. He was replaced as chief executive in June by Yahoo co-founder Jerry Yang.
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BUSINESS
May 14, 2012 | By Jim Puzzanghera
Before Scott Thompson resigned as Yahoo Inc.'s chief executive last weekend, he reportedly told the company's board of directors and several other colleagues that he had been diagnosed with thyroid cancer. He disclosed the information late last week amid the controversy over an apparent misrepresentation on his resume, the Wall Street Journal said, citing anonymous sources. A Yahoo spokesman didn't immediately respond to a request for comment. Thompson, 54, resigned Sunday after his claim of holding a computer science degree from Stonehill College was questioned by activist shareholder Daniel Loeb.
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BUSINESS
May 14, 2012 | By Roger Vincent, Los Angeles Times
Yahoo Inc.Chief Executive Scott Thompson resigned from the digital media company Sunday after a dissident shareholder called attention to his apparent misrepresentation of his college credentials. Ross Levinsohn, formerly Yahoo's executive vice president of the Americas region, was named interim chief executive, the company said in a statement. The board of directors also named Alfred Amoroso its new chairman. Amoroso, who is chief executive of Santa Clara software company Rovi Corp., replaces Yahoo board member Roy Bostock, the founder and chairman of Sealedge Investments.
BUSINESS
May 14, 2012 | By Roger Vincent, Los Angeles Times
Yahoo Inc.Chief Executive Scott Thompson resigned from the digital media company Sunday after a dissident shareholder called attention to his apparent misrepresentation of his college credentials. Ross Levinsohn, formerly Yahoo's executive vice president of the Americas region, was named interim chief executive, the company said in a statement. The board of directors also named Alfred Amoroso its new chairman. Amoroso, who is chief executive of Santa Clara software company Rovi Corp., replaces Yahoo board member Roy Bostock, the founder and chairman of Sealedge Investments.
BUSINESS
May 14, 2012 | By Jim Puzzanghera
Before Scott Thompson resigned as Yahoo Inc.'s chief executive last weekend, he reportedly told the company's board of directors and several other colleagues that he had been diagnosed with thyroid cancer. He disclosed the information late last week amid the controversy over an apparent misrepresentation on his resume, the Wall Street Journal said, citing anonymous sources. A Yahoo spokesman didn't immediately respond to a request for comment. Thompson, 54, resigned Sunday after his claim of holding a computer science degree from Stonehill College was questioned by activist shareholder Daniel Loeb.
BUSINESS
March 6, 2012 | By Jessica Guynn, Los Angeles Times
He has only been on the job for two months, but Yahoo's new chief executive, Scott Thompson, is already preparing a bold plan to turn around the struggling Internet company. Thompson is weighing a significant restructuring of Yahoo that could include thousands of layoffs, according to technology blog All Things D. The moves, the first major ones from the former PayPal president, could be announced as early as this month, Kara Swisher reported, citing anonymous sources. Yahoo recently hired the Boston Consulting Group to focus on the cuts to its products group.
BUSINESS
September 14, 2011 | Bloomberg News
Yahoo Inc. investor Third Point ramped up pressure on the company's board, saying it might add to its 5.2% stake and reiterating a demand that Chairman Roy Bostock step down. Third Point Chief Executive Daniel Loeb said he would seek U.S. approval to buy more stock and criticized Bostock's oversight of the company in a letter Wednesday to Yahoo co-founder Jerry Yang, according to a regulatory filing. "We urge you to do the right thing for all Yahoo shareholders," Loeb said in the letter.
BUSINESS
September 6, 2011 | By Jessica Guynn, Los Angeles Times
Yahoo Inc. Chief Executive Carol Bartz was ousted by the company's board Tuesday, bringing an abrupt but not surprising end to a rocky tenure at the struggling Internet search company. Bartz, 62, said in a memo to employees that Yahoo Chairman Roy Bostock fired her over the phone. The Sunnyvale, Calif., company's chief financial officer, Tim Morse, was named interim chief executive. "She was very highly compensated for a CEO who had declining revenue growth every single quarter," said Colin Gillis, a technology analyst at BGC Partners.
BUSINESS
September 9, 2011 | By David Sarno, Los Angeles Times
The drama following the ouster of Yahoo Inc. chief Carol Bartz may have racked up enough public insults, swearing and large cash prizes to qualify for a reality TV show. Two days after her over-the-phone firing by Yahoo Chairman Roy Bostock, Bartz went public with her criticisms of Bostock and his board, reportedly calling them a bunch of "doofuses" and using other terms outside the scope of a family newspaper. But Bartz, who may receive as much as $10 million in severance pay, was not the only one flinging barbs.
BUSINESS
March 6, 2012 | By Jessica Guynn, Los Angeles Times
He has only been on the job for two months, but Yahoo's new chief executive, Scott Thompson, is already preparing a bold plan to turn around the struggling Internet company. Thompson is weighing a significant restructuring of Yahoo that could include thousands of layoffs, according to technology blog All Things D. The moves, the first major ones from the former PayPal president, could be announced as early as this month, Kara Swisher reported, citing anonymous sources. Yahoo recently hired the Boston Consulting Group to focus on the cuts to its products group.
BUSINESS
September 14, 2011 | Bloomberg News
Yahoo Inc. investor Third Point ramped up pressure on the company's board, saying it might add to its 5.2% stake and reiterating a demand that Chairman Roy Bostock step down. Third Point Chief Executive Daniel Loeb said he would seek U.S. approval to buy more stock and criticized Bostock's oversight of the company in a letter Wednesday to Yahoo co-founder Jerry Yang, according to a regulatory filing. "We urge you to do the right thing for all Yahoo shareholders," Loeb said in the letter.
BUSINESS
September 9, 2011 | By David Sarno, Los Angeles Times
The drama following the ouster of Yahoo Inc. chief Carol Bartz may have racked up enough public insults, swearing and large cash prizes to qualify for a reality TV show. Two days after her over-the-phone firing by Yahoo Chairman Roy Bostock, Bartz went public with her criticisms of Bostock and his board, reportedly calling them a bunch of "doofuses" and using other terms outside the scope of a family newspaper. But Bartz, who may receive as much as $10 million in severance pay, was not the only one flinging barbs.
BUSINESS
September 6, 2011 | By Jessica Guynn, Los Angeles Times
Yahoo Inc. Chief Executive Carol Bartz was ousted by the company's board Tuesday, bringing an abrupt but not surprising end to a rocky tenure at the struggling Internet search company. Bartz, 62, said in a memo to employees that Yahoo Chairman Roy Bostock fired her over the phone. The Sunnyvale, Calif., company's chief financial officer, Tim Morse, was named interim chief executive. "She was very highly compensated for a CEO who had declining revenue growth every single quarter," said Colin Gillis, a technology analyst at BGC Partners.
BUSINESS
February 1, 2008 | From Times Wire Services
Terry Semel stepped down as Yahoo Inc.'s chairman, severing his ties with the slumping Internet icon 7 1/2 months after he resigned as chief executive under shareholder pressure. The Sunnyvale, Calif.-based company named another director, Roy Bostock, to replace him as nonexecutive chairman. Semel, 64, who joined Yahoo in 2001, was hailed for building its ad business after the Internet bubble burst. But he faced calls for his dismissal as the stock tumbled last year. He was replaced as chief executive in June by Yahoo co-founder Jerry Yang.
BUSINESS
August 15, 2008 | Joseph Menn, Times Staff Writer
Yahoo Inc. on Thursday named former Viacom Inc. leader Frank Biondi Jr. and former Nextel Partners boss John Chapple to its board of directors, fulfilling a promise it made to settle a proxy fight with dissident investor Carl Icahn. Both men had been on a slate of candidates for the board Icahn nominated after Yahoo was not sold to Microsoft Corp.
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