decision comes less than a month after quitting and Jerry Yang, Yahoo announced Bostock was conducted a strategic review
Yahoo Chairman Roy Bostock, became the latest executive to leave the company of the Internet in their struggle for the return of their fortunes.
Bostock, said Tuesday that he and three other directors will not stand for re-election. Other board members are leaving Vyomesh Joshi, Arthur Kern and Gary Wilson.
The decision comes less than a month after Yahoo, Jerry Yang, founder leaving the company and Bostock said Yahoo was conducted a strategic review. The move sparked a wave of takeover rumors.
two private equity firms, Silver Lake and TPG Capital made offers provisional Yahoo, but shareholders are not happy with the price. Microsoft, which offered $ 44.6bn for Yahoo in 2008, was also in conversation with the company. Yahoo is now worth $ 19.75bn. Yang Bostock helped to reject the offer.
- In a statement, Bostock said that recent discussions had not borne fruit. He said the company had "taken a wide range of discussions with potential partners," but no proposal has been received by the committee is considered attractive.
Colin Gillis, an analyst at BGC Partners Internet in New York, said: "Bostock would not be one that investors have good memories These guys are shaken.". aa
Last month, Yahoo announced it had appointed Bostock Scott Thompson, former head of eBay's PayPal division, to run the firm Internet. "Scott is a dynamic leader who brings experience and expertise the company needs to achieve strong growth and market success. In the months and years ahead, Scott will lead an outstanding team of Yahoos to deliver compelling experiences of innovative user-oriented products, "said Bostock. Bostock, was instrumental in launching controversial former CEO of Yahoo, Carol Bartz. Bartz struck Bostock and other administrators in an interview with Fortune magazine. He called the director of "doofuses" said Bostock and had read a script, when his shot. "Why not have the balls to tell you?" she said she said Bostock.
Find best price for : --Bartz----Carol----PayPal----Scott----Partners----Lake----Silver----Yahoo----Bostock----Yang----Jerry--
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