Feeds

Articles about Board Of Directors

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, …
Don Basile

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

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
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
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

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
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
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
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 …

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
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 plonked …
Kelly Fiveash, 26 Jun 2012
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" …
Stradivarius violin reproduction

Violin Memory axes 100 staff, mulls fate of PCIe flash card biz

Violin Memory is laying off staff and hopes to sell its PCIe flash card business as new-broom CEO Kevin DeNuccio tries to get the storage biz profitable. DeNuccio is dismantling the excesses of the Basile era of Violin Memory and retrenching and refocussing the business on its core market: all-flash arrays. The strategic …
Chris Mellor, 21 Feb 2014
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
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
Dell chairman and CEO, Michael Dell

Fund manager says Dell board has no skin in the buyout game

Southeastern Asset Management (SAM), the largest shareholder of Dell outside of the company's founder, Michael Dell, is complaining about the leveraged buyout deal that was announced a month ago. And the special committee of Dell's board members has fired back, saying that the deal is fair and so is the process that is being …
The Register breaking news

Murdoch junior QUITS board of Sun publisher

James Murdoch has sensationally resigned from News Group Newspapers' board of directors, thereby seemingly turning his back on News International's remaining British publications: The Sun, The Times and the Sunday Times. A filing at Companies House, first spotted by the Evening Standard, revealed that Murdoch quietly resigned …
Kelly Fiveash, 23 Nov 2011

Icahn, but Iwont: Carl the investor pest ends war with eBay

Carl Icahn has finally made peace with eBay after withdrawing his call for the auction site to divorce from its partner Paypal. The meddlesome investor has spent the last few months rudely demanding the spin off of eBay's payment service and asking for two of his aides to be put on the firm's board. After a barrage of open …
Jasper Hamill, 11 Apr 2014
Surface Pro 2 with docking station

Microsoft: We're nearly OUT OF STOCK of Surface 2 and Pro 2

Microsoft says it is nearly out of stock of its forthcoming Surface 2 and Surface Pro 2 fondleslabs, though what that means in terms of actual sales figures is anybody's guess. Surface 2 and Surface Pro 2 are close to selling out. All those buyers are gonna need apps. Your move: http://t.co/YGWmjklfuB — Microsoft Developer (@ …
Neil McAllister, 04 Oct 2013

Dropbox defends fantastically badly timed Condoleezza Rice appointment

File sharing service Dropbox has taken to the internet to defend its ill-timed appointment of Condoleezza Rice to its board of directors. The storage company wrote in a blog post that "there's nothing more important to us than keeping your stuff safe and secure" on Friday after being subjected to a full-throated outcry over its …
Jack Clark, 11 Apr 2014

Thanks for suggesting eBay should flog PayPal. It's not happening, CEO tells Carl Icahn

eBay has rejected a call from activist investor Carl Icahn to spin off its PayPal division into a separate company. John Donahoe, chief exec of the online marketplace, said that he had spoken with Icahn but the board and management believed that eBay and PayPal would do better if they stayed together. "The synergies are clear …
The Register breaking news

Yahoo! board! probes! CEO's! CompSci! CV! blunder!

Yahoo! has decided to take the revelation that its CEO Scott Thompson padded his CV a tad more seriously, The Register understands, promising that the board would look into the situation. The web firm's initial response to accusations yesterday from activist investor Third Point that Thompson did not in fact possess a degree in …

eBay stockholders! There's MORE to COME, thunders Carl Icahn

Activist investor Carl Icahn is continuing his campaign to get eBay to spin off PayPal, writing yet another letter to shareholders that said he hadn't even begun to fight to get his way. "Stockholders, please stay tuned. There is more to come – much more," Icahn threatened in his latest open letter (emphasis his own). The …
lifebelt

Overland Storage in fiendish reverse stock split share value ploy

Overland Storage, the troubled tape and low-end scale-out disk array storage vendor, is wanting to do a reverse stock split to get its share price up above the Nasdaq exit level. This is revealed in an SEC Form-8K filing by Overland. It states: "On April 3, 2014, the Board of Directors of the Company approved a one-for-five (1- …
Chris Mellor, 04 Apr 2014

PayPal mudslingfest TELEVISED: Icahn and Donahoe go on telly

The fight between activist investor Carl Icahn and eBay over the fate of PayPal has hit the media, after Icahn claimed that he'd "never seen worse corporate governance" at another firm. Speaking to CNBC television, Icahn criticised the firm's governance policy and also said that eBay chief exec John Donahoe shouldn't have …

New Microsoft CEO Nadella could earn FOURTEEN TIMES what Ballmer banked in 2013

Newly minted Microsoft CEO Satya Nadella's salary nearly doubled on his first day in the corner office, giving him a pay package even larger than that of outgoing CEO Steve Ballmer. Nadella will earn an even $1.2m in his first year on the job, according to documents filed with the US Securities and Exchange Commission on Tuesday …
Neil McAllister, 05 Feb 2014
heart.australia

Turnover at the top in Oz telco-land as AAPT, Huawei, Optus, lose top brass

Two plush offices just became available in Australian telco-land, with the departure of C-level executives at AAPT, Optus and Huawei. The latter company has that current CEO Guo Fulin has been “promoted to a regional role within Huawei” in line with the company's “global practice of rotating senior executives through different …
Simon Sharwood, 27 Feb 2014

Linux Voice journos hit crowdfunding target

A brief update on the crowdfunding efforts of three British journalists, who left Linux Format to launch a new magazine. They have hit their £90,000 launch target for Linux Voice, 14 days before deadline. At time of writing, Andrew Gregory, Mike Saunders and Ben Everard have received £93,000 in pledges. They have an interesting …
Drew Cullen, 10 Dec 2013

In defence of defenestration: Microsoft MUST hurl Gates from the Windows

Microsoft's investors are apparently sharpening their knives for company chairman Bill Gates. Three of the top 20 shareholders are said to be upset that Gates - tasked with picking the new CEO to replace Steve Ballmer - has too much influence over the Windows 8 giant despite only holding a 4.5 per cent stake. It was one thing …
Gavin Clarke, 02 Oct 2013
wall_street

Box shock stock doc clocks 250 million bucks

Box has filed its hotly anticipated initial public offering (IPO) paperwork to the US Securities and Exchange Commission (SEC). The upstart's S-1 document was published this afternoon, US West Coast time, putting in motion its stock market debut. Box, which provides online file-sharing for businesses, wants to raise $250m from …
Shaun Nichols, 24 Mar 2014
Steve Ballmer replacement search

Microsoft admits: We WON'T pick the next Steve Ballmer this year

Microsoft's board of directors will need more time to choose a successor for outgoing CEO Steve Ballmer, the company said on Tuesday. The board has been on the hunt for a new chief exec ever since Ballmer announced his plan to retire "within the next 12 months" in August, and it now looks as though the search will continue into …
Neil McAllister, 17 Dec 2013

New BT chief gets keys to copper-encrusted door next month

BT's incoming chief exec Gavin Patterson will formally take the reins on 10 September, the telecoms giant confirmed to the City this morning. He will replace current boss Ian Livingston, who surprisingly resigned from his job in June after Prime Minister David Cameron poached him for a front-bench trade and investment role in …
Kelly Fiveash, 20 Aug 2013
channel

Ex-eBay CEO lands post-purge HP board seat

Hewlett-Packard's non-executive chairman Ray Lane, who took over the board of directors following the departure of chief executive Mark Hurd, is cleaning house. Effective January 21, HP is adding five new people to the board and is showing four others to the door. The changes announced by Lane Thursday will eventually shrink the …
HP CEO Meg Whitman at Discover 2012

HP multiplies Meg Whitman's salary by 1.5 MEELLION

HP has multiplied chief executive officer Meg Whitman's salary by 1.5 million. Revealed in a December 17th Form-8K filing to the US Securities and Exchange Commission, HP explains the rise as follows: On December 11, 2013, the independent members of the Board of Directors of Hewlett-Packard Company (“HP”) approved an increase …
Simon Sharwood, 18 Dec 2013
Larry Ellison

Oracle defends Larry Ellison's whopping package

Oracle has hit back at shareholder claims that founder and chief Larry Ellison’s pay package is too generous, saying his compensation is “appropriate under the circumstances”. Like many tech titans, Ellison receives a nominal $1 pay cheque and has been known to refuse bonuses, but is nonetheless compensated by stock options. In …
channel

Hurd snubbed HP board to settle claims

The board of HP felt snubbed by Mark Hurd's solo efforts to settle a sexual harassment case brought by contractor Jodie Fisher. Hurd and Fisher reached agreement on 4 August without the knowledge or support of the board of directors at HP. The next day there was meant to be a mediation meeting between the two and their lawyers …
John Oates, 16 Aug 2010
ULLtraDIMM

Diablo Technologies’ boss: 'As a CEO I have made a lot of mistakes'

With IBM adopting Diablo Technologies' Memory Channel Storage (MCS) for its gen 6 X-servers, we thought it timely to have a look at the background to this through a Willem ter Harmsel interview with Ricardo Badalone, Diablo Technologies' CEO. Read on to find out about Badalone's thinking on SAN bottlenecks and a move to …
Microsoft campus

Microsoft in OPEN-SOURCE .Net love-in with new foundation

Microsoft has opened its .Net programming framework to the developer community by releasing the code for a broad range of .Net-related software as open-source projects under the stewardship of a new, dedicated foundation. The surprise announcement came during the Thursday keynote at Redmond's annual Build developer conference, …
Neil McAllister, 04 Apr 2014
ClouderaIntel

Intel just installed itself in Hadoop guru Cloudera – and why their rivals should be worried

Intel is canning its own Hadoop distribution in favor of using Cloudera's flavor of the analytics software. And the chip giant is making a "significant equity investment" in the upstart that's higher than had been reported elsewhere. This strategic move was announced by Intel and Cloudera on Thursday following years of heavy …
Jack Clark, 27 Mar 2014

Mixed tape: Overland Storage buys Tandberg Data in CASH-FREE transaction

Struggling tape and disk storage vendor Overland Storage is buying recovering tape systems vendor Tandberg Storage for $42m in stock to help boost its revenues. Tandberg Data supplies tape and disk-based storage and data protection products to small and medium businesses. It has recently recovered from a bankruptcy experience in …
Chris Mellor, 01 Nov 2013

Bill Gates to pull a Steve Jobs and SAVE MICROSOFT – report

Microsoft founder Bill Gates may be planning a return to a more hands-on role at the company, according to the latest rumors from the software giant's ongoing search for a new chief executive. Last week, Bloomberg, The Wall Street Journal, and others reported that veteran Microsoft exec Satya Nadella had emerged as the …
Neil McAllister, 03 Feb 2014
The Register breaking news

HP board cooked Hurd's goose before settlement

The drip, drip of spin from HP continues with sources telling the media that HP's board of directors had decided to ditch chief exec Mark Hurd before he reached a private agreement with Jodie Fisher over sexual harassment allegations. These latest claims are in opposition to claims earlier this week that the board felt snubbed …
John Oates, 19 Aug 2010
channel

Computer 2000 fills board of directors

Computer 2000, the UK arm of Tech Data, has appointed Andrew Shepperd as Director of Azlan UK and of Alice Smitheman as Product Marketing Director. It is also today announcing a number of internal appointments which will complete its board of directors. Shepperd returns to Tech Data after spending the last four years as Sales …
Robin Lettice, 05 Jan 2007

When three Linux journos go crowdfunding

Three journalists who worked on the UK newsstand publication Linux Format have struck out on their own and are using crowdfunding to get a new magazine off the ground. Less than a week into their Indiegogo campaign, Andrew Gregory, Mike Saunders and Ben Everard are already a third of the way to reaching the £90,000 launch budget …
Drew Cullen, 17 Nov 2013
ClusterStor 1500

Xyratex being bought by Seagate in $374m Xmas splurge

Christmas has come early for some: Seagate is aiming to buy HDD test equipment and HPC array maker Xyratex for $374 million in cash. The offer is $13.25 for each Xyratex share, which is 27 per cent higher than last Friday's closing Xyratex share price. There is a definitive agreement between Seagate and Xyratex to do the deal …
Chris Mellor, 23 Dec 2013
For Sale sign detail

Acer boss quits after board disses his future strategy

Acer CEO and president Gianfranco Lanci has quit the computer maker, after boardroom wrangles over the company's future left him high and dry. His resignation is with immediate effect, said Acer in a statement to The Register this morning. The company's chairman, JT Wang, will take the CEO chair in the interim, while Acer …
Kelly Fiveash, 31 Mar 2011
channel

HP board gives Leo $10bn more funny money

The board of directors at IT giant Hewlett-Packard think that HP's stock is undervalued and that the company needs to bolster the earnings per share that the company will report in future quarters. Thus the board has given CEO Leo Apotheker an additional $10bn in funny money to send in truckloads encrypted packets down to Wall …
HP CEO Meg Whitman at Discover 2012

HP chairman Lane yields to 'here's you hat, what's your hurry?' pressure

Succumbing to pressure to shake up the board of directors of HP, chairman Ray Lane is stepping down from running the board. However, he said in a statement, he will remain on the HP board – even if he doesn't run it. Lane, a former hotshot at software giant Oracle and a managing partner at venture capitalist Kleiner Perkins …
The Register breaking news

Eric Schmidt to unload 42% of his Google stake

Google executive chairman Eric Schmidt has announced plans to sell off nearly half of his stake in the online ad giant over the next 12 months. According to an SEC filing on Friday, Schmidt – who served as Google's CEO from 2001 to 2011 – currently owns around 7.6 million Class A and Class B shares in the company, representing …
Neil McAllister, 09 Feb 2013
cloud

HP storage hobbled by board's indecision

The future of HP's vibrant storage business has been made uncertain by HP CEO and board shenanigans, culminating with the latest uncertainty over CEO Leo Apotheker. Before his dismissal, former CEO Mark Hurd relaid the foundations of the storage business by hiring David Donatelli away from EMC, buying iSCSI SAN supplier LeftHand …
Chris Mellor, 22 Sep 2011
Spicerex says roar

Spiceworks scoops $57m in 'last funding round before IPO'

Spiceworks, the Texas-based web-2.0 platform for sysadmins, has announced that it has closed a $57 million round of funding - which it expects to be its last before an IPO. The funding is led by Goldman Sachs and brings the total amount raised by the company to $111 million. In exchange for the cash splash, Goldman Sachs gets …
Trevor Pott, 04 Feb 2014