Articles about Board Of Directors

David Cameron, Prime Minister, meets Ren Zhengfei, founder and CEO of Huawei Technologies, in Downing Street, 11th September, 2012.

Huawei Browne-noses UK after hiring ex-BP peer for its board

Chinese telecom giant Huawei has appointed ex-BP chief exec Lord Browne to head up its UK board of directors. The company has repeatedly rejected concerns that Huawei has too much control over Blighty's critical infrastructure and communications systems, based on claims that its chairman (and erstwhile member of the People's …
Kelly Fiveash, 16 Feb 2015
Patrick McGoohan as The Prisoner in "Fall Out"

Assembly of tech giants convene to define future of computing

A flurry of the tech world’s great and good signed up the Cloud Native Computing Foundation yesterday, and kicked off a technical board to review submissions – which will be tested and fattened up on a vast Intel-based “computer farm”. Vendors declared their intent to form the Cloud Native Computing Foundation (CNCF) earlier …
Joe Fay, 18 Dec 2015
Olga Madruga-Forti

Another ICANN Board member resigns

ICANN has seen its second Board member resign in less than a year. Olga Madruga-Forti has quit the coveted role on the last day of the domain oversight organization’s meeting in Los Angeles, raising questions about the culture inside the notoriously secretive group. The organization has provided no details, putting out a …
Kieren McCarthy, 16 Oct 2014
Apple Contact Hero shot

Financial wizardess joins Apple board, air of coolness noticeably diminishes

The founder of investment fund BlackRock has joined the Apple board of directors, perhaps giving a tantalising clue to the fruity firm's interest in entering the financial services arena. Susan L Wagner, founding partner and director of BlackRock, has replaced Bill Campbell, who was the longest-serving member of the board and …
Jasper Hamill, 18 Jul 2014
Microsoft campus

Shift up, Ballmer: Microsoft expands board, makes room for activist investor

Microsoft has appointed activist investor Mason Morfit to its board after his investment firm ValueAct Capital agitated for a greater say on how the company is run. ValueAct bought a $2bn stake in the software firm last April and immediately started to campaign for change at the company. By August, Microsoft had capitulated, …
Ciscoblood

Benioff bails from Borg Board

Salesforce.com CEO Marc Benioff has decided not to stand for re-election to Cisco's Board of Directors at the company's November annual general meeting. Cisco filed the paperwork to make it happen last Firday, and issued a statement attributed to its own CEO John Chambers to cement the departure. Chambers' statement is as …
Simon Sharwood, 15 Sep 2014
Don Basile

What is Violin Memory's sacked CEO still doing on their board?

Comment Don Basile, the terminated CEO of Violin Memory, still sits on Violin's board of directors. Unlike Dixon Doll who resigned from his COO position and vacated the board as well, Basile has decided not to resign from the board. A Violin statement said: "Violin can confirm that Don Basile is still on the board.” According to …
Chris Mellor, 09 Jan 2014
Nokia Lumia 610

Microsoft adds wireless industry legend John Stanton to its board

Microsoft has added some mobile expertise to its board of directors, signing up wireless pioneer John Stanton, the former chairman of broadband firm Clearwire. Redmond chief Satya Nadella made it clear in his chat about the firm’s full year results earlier this month that Microsoft wants to be “mobile first, cloud first” under …
Kim Stevenson

Intel CIO jumps onto Cloudera's board, scattering cash

Intel chief information officer Kim Stevenson has joined the Board of Directors of Hadoop company Cloudera, bringing with her vast amounts of money. The Hadoop company announced the appointment on Monday, noting that Intel recently gave it an eye-watering $740m in funding as part of a $900m financing round that was announced in …
Jack Clark, 02 Jun 2014
Steve Ballmer

Ballmer intends to remain on Microsoft board after end of CEO gig

Steve Ballmer may be stepping down as CEO of Microsoft, but he's not planning to let go of the reins in Redmond completely, if a recent filing with the US Securities and Exchange Commission is any indication. In Microsoft's 2013 proxy statement, filed with the SEC on Thursday, the company's board of directors gave its …
Neil McAllister, 04 Oct 2013
Satya Nadella

Nadella's Karmagate howler was response to MICROSOFT BOARD DIRECTOR – report

Satya Nadalla’s Karmagate will spark an examination at the highest levels within Microsoft of women’s pay and its corporate culture. That’s according to computer scientist Maria Klawe, the person whose softball questioning of Microsoft’s CEO at a women-in-tech event saw Nadella land himself in hot water last week. Klawe is …
Gavin Clarke, 13 Oct 2014
Violinist

Violin Memory fiddles with board, adds new director – music to Clinton Group's ears?

Violin Memory has announced a new board director and expanded the board from seven to eight seats to do so. The Clinton Group, the activist investor that's been yelling at Violin to sell itself, is now on-board and on-message. The new director is Vic Mahadevan, the ex-NetApp chief strategy officer. The canned quotes are full of …
Chris Mellor, 14 Apr 2014
The Shining - blood cascade

BLABBERGEDDON BEGINS! Twitter lays off 8% of its workforce

Twitter has confirmed that it will cut loose more than 300 employees as the profitless company attempts to claw back costs and push for user growth on the struggling site. The firm, whose old CEO Jack Dorsey returned to run Twitter last week, said in a US Securities and Exchange Commission regulatory filing that – as a result …
Kelly Fiveash, 13 Oct 2015

Microsoft cedes board seat to activist investor

Just a week after Microsoft chief Steve Ballmer announced plans for his retirement Redmond has offered activist shareholder ValueAct Capital a seat on the Microsoft board. Redmond announced the "cooperation agreement" in the late hours of Friday afternoon in San Francisco before the Labor Day three day weekend, which is an ideal …
Jack Clark, 31 Aug 2013
Photo by Mike Mozart

Comcast accused of torpedoing Hulu sale to rivals with weapon of mass transactions

Comcast allegedly talked its fellow Hulu investors out of selling the TV streaming upstart to DirecTV or AT&T by insisting it could steer the web biz to financial triumph. That's a serious accusation because Comcast had agreed with the FCC and US Department of Justice to keep its hands off the management of Hulu. In the end, …
Shaun Nichols, 22 Apr 2015
Toilet roll printed with fake US $100 bills

Imation: Data storage? No, come to us for, er, investment advice

Analysis Activist investor-controlled Imation is setting up an investment advisor subsidiary and putting $20m into an offshore investment fund controlled by the activist investor controlling Imation. In an 8-K SEC filing, Imation stated its management "approved a plan to establish a registered investment adviser as a wholly-owned …
Chris Mellor, 09 Feb 2016

Ballmer leaves Microsoft board to spend more time with his b-balls

Former Microsoft CEO Steve Ballmer is today stepping down from the Windows giant's board of directors – just six months after he was succeeded by incoming chief exec Satya Nadella. Ballmer announced his retirement in August last year, but remained at the helm until Nadella took over in February. Shy-and-retiring Ballmer also …
Chris Williams, 19 Aug 2014
Mark Hurd and Safra Catz

Oracle, looks like your revenues were down. 'Cloud! Cloud! Look at the cloud!'

Oracle is pointing to continued growth for its cloud business as the bright side in a quarter that saw the enterprise giant drop revenues slightly, but still top Wall Street expectations. Big Red's fiscal 2016 Q2 numbers ending November 30 were as follows: Total revenues were $8.9bn, down 6 per cent from the $9.5bn haul over …
Shaun Nichols, 17 Dec 2015
cloud

Gasp! Facebook's hardware king joins board of ARM server biz Calxeda

Facebook's head of hardware design and supply chain operations has joined the board of directors of Calxeda, a company that specializes in building servers out of ARM processors. The strategic appointment was announced on Thursday and will see the man in charge of one of the biggest buyers of modern chips, and leader of the " …
Jack Clark, 18 Oct 2013
Violin_Tailpiece_and_bridge

Clinton Group to Violin: What do we want? Sale. When do we want it? Allegro

+Comment Back in July last year activist investor the Clinton Group expressed its feelings about Violin Memory, saying: "If the Company's sales execution does not materially improve and our voice continues to remain unheard, we will have to seriously consider seeking the election of replacements to the Company's Board of Directors at the …
Chris Mellor, 11 Jan 2016
sale_648

Crossroads preps pesky product portfolio selloff

Crossroads has finally abandoned any pretence of being an archival systems products company any more and has signalled its product portfolio is up for sale. Its latest quarterly results showed what many would call a derisory products business, with revenues of just $1.8m and a loss of $538,000, the latest in a string of …
Chris Mellor, 05 Feb 2016
Bitcoin bloodbath

MtGox MELTDOWN: Quits Bitcoin Foundation board, deletes Twitter

Embattled Bitcoin exchange MtGox has taken steps to withdraw itself from the wider Bitcoin community, having resigned its seat on the Bitcoin Foundation board and reduced its presence in social media. "Effective immediately, Mt. Gox has submitted their resignation from the board of directors," the Bitcoin Foundation's Jon …
Neil McAllister, 25 Feb 2014
Exit sign. Pic:  Lukas Kästner

Cisco exits set-top box biz, sheds US$1.8bn of revenue

Cisco's Connected Devices Division, a purveyor of set top boxen for service providers, is off to Europe having been acquired for €550 million / US$600 million by Technicolor. The French company, formerly Thomson (as most of its customer premises equipment/set-top boxes are branded), will take on the division first created by …

UK finance sector: IT security testing 'becoming close to mandatory'

Regulators are nearly at the point of requiring major financial services companies to participate in a cyber security testing programme, according to the Bank of England. Minutes from a meeting of the Bank's court of directors on 16 September (10-page / 45KB PDF) provide detail of some of the efforts being taken to improve " …
OUT-LAW.COM, 30 Oct 2015

Silicon Valley's Congresswoman comes to the defense of Tor

Congresswoman Zoe Lofgren, who represents a big slice of Silicon Valley, has gone to bat for the anonymizing Tor service. In a letter [PDF] sent this week to the head of the Department of Homeland Security (DHS), Lofgren has asked some pointed questions about the role that the DHS played in a recent high-profile case where a …
Kieren McCarthy, 11 Dec 2015
Microsoft cheif software architect Ray Ozzie

Ex-Microsoftie software hotshot Ozzie joins HP board

HP needs to understand consumers better and build a software business as well, so it has added three more board members to help CEO Meg Whitman's ongoing turnaround of the IT giant. Ray Ozzie, of Lotus and Microsoft fame, is no doubt the most important addition, but given the experience of two other new board members running …
Violin VIMM

Violin Memory's top dog snubs activist investors Clinton Group

Violin Memory's CEO has given the company's board a public pat on the back, snubbing activist investors as he does so. After the Clinton Group letter putting Violin's board on notice to sell the company well before the June AGM, threatening to put up three of its own nominees for board seats, Violin has issued a statement …
Chris Mellor, 11 Jan 2016
hacker

US, UK big banks to simulate mega-hacker cyber-attack

A mock exercise will take place this month to test how major banks respond to a major cyber attack, according to a newspaper report. The joint UK and US initiative, Operation Resilient Shield, will be "the most sophisticated test … yet" of the way industry communicates and coordinates its efforts in response to cyber security …
OUT-LAW.COM, 05 Nov 2015
The Register breaking news

Sheryl Sandberg finally adds woman's touch to Facebook board

Mark Zuckerberg's right-hand woman, Sheryl Sandberg, has joined Facebook's no-longer-male-only board of directors. The Google alumnus, who was brought in by Zuck in 2008 to beef up the social network's advertising prowess, has been the company's chief operating officer for four years. The company's number two was finally …
Kelly Fiveash, 26 Jun 2012
Toshiba

Toshiba CEO and execs quit over $1.2bn six-year accounting scandal

Toshiba CEO Hisao Tanaka and seven other bigwigs have quit after a probe concluded profit figures had been inflated beyond their real values. The Japanese electronics giant said in a brief statement [PDF] today that $1.2bn (£770m, 151.8bn yen) was incorrectly added to Toshiba's income-before-tax figures in the 2008 to 2014 …
Shaun Nichols, 21 Jul 2015
Titanic sinking

HP arranges boardroom deck chairs as The Big Split looms

HP has confirmed the captains of industry who will sit on the two boards formed when the organization splits in two. The IT giant will pull in execs from sectors ranging from automotive and clothing to private equity. The organization operationally splits this month. By 1 November, HP will legally separate to become HP Inc ( …
Paul Kunert, 12 Aug 2015
Sony PlayStation 4 in white

Sony balls up PlayStation businesses, tosses outfit over to California

Sony is consolidating its games business into a single office that will be tasked with running all PlayStation operations. The Japanese electronics giant said that San Mateo, California will be the new headquarters for Sony Interactive Entertainment (SIE), a branch that will handle both the PlayStation console development and …
Shaun Nichols, 26 Jan 2016

Dear diary. Gotta axe 15% of staff, it's like I'm cracking up – Qualcomm

Mobile chipmaker Qualcomm says it's putting its business under the microscope with an eye to restructuring after posting lackluster third-quarter results, including revenue that missed estimates. "We are making fundamental changes to position Qualcomm for improved execution, financial and operating performance," Qualcomm CEO …
Neil McAllister, 22 Jul 2015

Stroppy investor tries to rip 'n' replace STEC's entire board

It's a proxy war: activist investor Balch Hill wants to bounce troubled SSD supplier STEC's board - which includes its CEO and its founder - and populate the boardroom with seven of its own nominees. STEC is the former leading enterprise SSD supplier which has fallen on hard times and is now partway through a strategic direction …
Chris Mellor, 13 Feb 2013
Orange Credit Card

Bank of England: What's all this then, CHAPS? Review to get a grip on IT cockup

The Bank of England has opened an investigation into the IT failure of its bank-to-bank payment processing system, which handles £277bn a day. Last month the bank's Clearing House Automated Payments System (CHAPS) was temporarily suspended. This was due to "technical issue related to some routine maintenance" on its Real Time …
Kat Hall, 25 Nov 2014
Violins

Oh Jeez, not now! Activist investor threatens Violin Memory

Violin Memory’s board is under attack from the Clinton Group, an activist investor wanting to have talks about “a number of topics germane to creating shareholder value”, meaning an asset or company sale. Apparently it’s been a shareholder for almost two years and has been pushing for talks for some time. Violin’s board has …
Chris Mellor, 31 Jul 2015
Photo by Charles Chan

Alibaba presses 'play' on multi-billion video host buy

China's Alibaba is going to sling roughly US$3.67 billion at the country's “YouTube equivalent”, Youku Tudou, to buy a half-billion video clicks via the 80-plus per cent of the company it doesn't already own. The South China Morning Post says the Middle Kingdom's “largest online video services provider” will be taken private …
Shouting match

What's going on with X.org? Desktop software body could lose domain

This time next week, one of the internet's rarest domains – the single-letter X.org – is up for renewal. The multi-million-dollar address is home to a foundation that develops widely used GUI display software for Linux and Unix-flavored desktops. Now it faces an uncertain future. The foundation's board of directors entered …
Kieren McCarthy, 11 Jan 2016
The Register breaking news

'Strong basis' to claims Nominet board breached duties - legal top gun

Directors of UK domain-name registry Nominet have come under fire from a group of Nominet members who have also threatened to take legal action against the board. The group commissioned a legal opinion in connection to claims that certain recommended changes to the non-profit's governance had been deleted from an "independent" …
Twitter for Mac New

Only good thing about Twitter CEO storm: 140 character limit gone

Twitter CEO Dick Costolo will leave the San Francisco-headquartered social network within days. Shares in Twitter soared nearly eight per cent on the news. The microblogging site said in a SEC filing, published in the past few minutes, that Costolo will leave as chief exec on July 1 and be replaced by Twitter cofounder Jack …
Shaun Nichols, 11 Jun 2015

Internet kingmakers drop ego, devise future of DNS, IP addys etc

Five months after the release of a bloated, ego–driven mess of a plan to shift control of the top level of the internet from the US government to the internet community, a greatly improved version 2.0 has been offered for public comment. The 90–page Response to the IANA Stewardship Transition Coordination Group Request for …
Kieren McCarthy, 24 Apr 2015
HP CEO Meg Whitman

HP CEO Meg Whitman dons TRIPLE CROWN of POWER

HP CEO and president Meg Whitman has consolidated power at the top of the corporation by taking on the role of chairman as well. The manoeuvring comes days after HP confirmed that Ralph Whitworth is to step down due to health concerns, the exact nature of which were not revealed. Whitman joined HP's board at the start of 2011 …
Paul Kunert, 18 Jul 2014

Dialog box shut: Now Microchip is set to gobble up Atmel

Microcontroller gurus Atmel look set to be acquired by Microchip – and not by the UK's Dialog Semiconductor. Atmel, a $3.3bn business based in San Jose, California, designs and makes simple and low-power AVR, ARM and 8051-compatible chips for all sorts of electronic gadgets and gizmos. It is probably best known to people as …
Chris Williams, 15 Jan 2016
The Register breaking news

ICANN prez calls out own board over conflicts of interest

The board of directors of internet overseer ICANN is said to be fuming after its ethics were called into question by the organisation's outgoing president and CEO. Rod Beckstrom, who is set to the leave the domain name policy group in July, took to the stage at ICANN's public meeting here in San Jose, Costa Rica on Monday to …
Kevin Murphy, 19 Mar 2012
Microsoft CEO Satya Nadella

Microsoft shareholders approve of CEO Satya Nadella's MASSIVE PACKAGE

A revolt by shareholders at Microsoft's annual general meeting over CEO Satya Nadella wages failed to materialize today – and his executive pay package was approved. Company advisory firm Institutional Shareholder Services said it had significant concerns over the size of Nadella's package, which it estimated was worth over $90m …
Iain Thomson, 03 Dec 2014
Crypto fingers

Westpac buys stake in Canberra crypto king QuintessenceLabs

Australian banking goliath Westpac will become a substantial stakeholder in Canberra based QuintessenceLabs (QLabs) and use outfit's quantum key distribution technology for its internal infrastructure. QLabs commercialises research from the Australian National University to produce quantum key distribution (QKD) and random key …
Darren Pauli, 16 Jun 2015
Shop bargain sign

Who! would! want! Yahoo!? How! about! Verizon!?

With Yahoo! continuing to mull a possible sell-off of its core search business, Verizon has emerged as a possible buyer. Speaking at a conference in New York, Verizon chief financial officer Fran Shammo suggested his company might be interested in taking over some of the beleaguered Purple Palace's assets in the event Yahoo! …
Shaun Nichols, 07 Dec 2015
Miss Piggy sings opera

Opera Software asks fat lady to stay shtum for a bit, but keep humming

Opera Software, maker of the Opera browser, has “has initiated a process to evaluate and consider strategic alternatives for the Company”. Opera's browser is very well-regarded, but last week the company announced preliminary second quarter will be at the lower end of forecasts and also reduced its future revenue forecasts. …
Simon Sharwood, 10 Aug 2015

Disney CEO: Dead Steve Jobs choc-blocked me!

Disney CEO Bob Iger would be helping to guide Google these days, were it not for one Steven P. Jobs. The mouseketeer-in-chief said Apple cofounder Steve Jobs convinced him not to take a spot on Google's board a few years ago, citing the ongoing conflict between Apple and the Chocolate Factory. In the new biography Becoming …
Shaun Nichols, 13 Mar 2015
The Register breaking news

Apple's Cue gets parking space on Ferrari board

Eddy Cue, Apple’s Mr Fixit - he was recently tasked with putting the firm’s Maps app and Siri on track - and head of Cupertino’s iTunes operation, has won a place on Ferrari’s board of directors. Cue has been a Ferrari customer for five years, he said, adding: “I continue to be awed by the world-class design and engineering that …
Tony Smith, 08 Nov 2012