Feeds

Was Mattel CEO pushed from Microsoft's board?

The matters may be in some way connected...

  • alert
  • submit to reddit

5 things you didn’t know about cloud backup

The unanswered question following the resignation last week of Jill Barad as CEO and Chairman of toymaker Mattel is, was she pushed to resign from the Microsoft board as well last September? We can be pretty sure that Microsoft would not like to have a member of its board running an unsuccessful company. The problems at Mattel were well enough known: losses in three of the last four quarters, and a particularly steep loss in Q4, with earnings per share around half that anticipated. The principal cash sink was The Learning Company, bought for $3.6 billion in the hope of using its software to make interactive toys. Barad, a former actress and beauty consultant, claimed that she hadn't been fully briefed about the impending losses by executives. Last year Fortune magazine had placed her on its list of five CEOs who "need to wake up fast". The Mattel board decided that The Learning Company results were unacceptable, so she resigned. Gates was evidently pleased to get her on the board in 1996 (she was the first female since Portia Isaacson in 1986-7), but her resignation in late September must have occurred when she knew that the Q3 financial outcome of Mattel would not be good. She said at the time that "in three years with Microsoft and Bill Gates, I gleaned more about where the world is going than I could have in a lifetime." When she stepped down from the board, she sold all her Microsoft shares. ®

5 things you didn’t know about cloud backup

More from The Register

next story
BBC: We're going to slip CODING into kids' TV
Pureed-carrot-in-ice cream C++ surprise
6 Obvious Reasons Why Facebook Will Ban This Article (Thank God)
Clampdown on clickbait ... and El Reg is OK with this
Twitter: La la la, we have not heard of any NUDE JLaw, Upton SELFIES
If there are any on our site it is not our fault as we are not a PUBLISHER
Facebook, Google and Instagram 'worse than drugs' says Miley Cyrus
Italian boffins agree with popette's theory that haters are the real wrecking balls
Sit tight, fanbois. Apple's '$400' wearable release slips into early 2015
Sources: time to put in plenty of clock-watching for' iWatch
Facebook to let stalkers unearth buried posts with mobe search
Prepare to HAUNT your pal's back catalogue
Ex-IBM CEO John Akers dies at 79
An era disrupted by the advent of the PC
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Endpoint data privacy in the cloud is easier than you think
Innovations in encryption and storage resolve issues of data privacy and key requirements for companies to look for in a solution.
Why cloud backup?
Combining the latest advancements in disk-based backup with secure, integrated, cloud technologies offer organizations fast and assured recovery of their critical enterprise data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?