News - Roy Bostock
In an unexpected letter to shareholders, Yahoo chairman Roy Bostock announced Tuesday that he and his fellow board members Vyomesh Joshi, Arthuer Kern and Gary Wilson would not be seeking another term on the board this year.
Carol Bartz, Yahoo CEO, was released from her duties by Yahoo’s chairman of the board yesterday after 2-and-a-half years of lackluster leadership.
By Miguel Helft Five Yahoo directors, including Jerry Yang , the chief executive, were re-elected to the board with much higher protest votes than previously reported, indicating strong shareholder dissatisfaction with the company's performance and its failed merger negotiations with Microsoft.
It's almost as if the past six months never happened. Yahoo's (YHOO) much anticipated annual meeting on Aug. 1 left its current board and co-founder and Chief Executive Jerry Yang intact, in control, and still insisting they can return to contention with runaway rival Google (GOOG).