Excellent Hair Fall Treatment
Search: Look for:   Last 1 Month   Last 6 Months   All time

More Yahoo boardroom resignations on way after co-founder Yang's exit

Washington, Thu, 19 Jan 2012 ANI

Washington, Jan 19 (ANI): The exit of Yahoo co-founder Jerry Yang from the board of directors is just the beginning, and several boardroom resignations are on the way, sources have revealed.


People familiar with the matter have told AllThingsDigital that four other Yahoo directors plan to step down shortly.


Sources said one major impetus for the Yahoo shake-up, other than the obvious need for a company makeover, was possible legal concerns related to attempts to attract investment from private-equity firms rather than sell the Internet giant.


According to News.com.au, the website earlier reported that Yang was mulling an exit, along with Chairman Roy Bostock and longtime board members Arthur Kern, Vyomesh Joshi and Gary Wilson.


AllThingsDigital said it was more a question of "when, rather than if" regarding Bostock's likely departure.


According to the report, Yang's decision to leave was made on his own accord, despite speculation that he was forced out.


The departure of Yang, who co-founded Yahoo with David Filo in Silicon Valley in 1995, comes less than a month after the company named former PayPal executive Scott Thompson as its chief executive. (ANI)


King of Bhutan, the Bhutan Queen and Crown Prince meeting the PM Modi
PM Narendra Modi welcomes the King of Bhutan
PM Modi paying tributes at the portrait of Sardar Vallabhbhai Patel
People take part in the Run For Unity on the Rashtriya Ekta Diwas
PM Modi flagging off the Run For Unity on the Rashtriya Ekta Diwas
Post comments:
Your Name (*) :
Your Email :
Your Phone :
Your Comment (*):
  Reload Image




Excellent Hair Fall Treatment
Careers | Privacy Policy | Feedback | About Us | Contact Us | | Latest News
Copyright © 2015 NEWS TRACK India All rights reserved.