Articles about Board Of Directors

Google sign outside Mountain View headquarters

Activist investors try forcing Google to pay more taxes

A group of Google investors has called on the firm to stop "undermining democracy and the rule of law" and start paying as much tax as possible in the countries it operates in. The stockholders have put forward a proposal, to be voted on at the annual general meeting today, which would force Google to adopt a set of principles …
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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 …
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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

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 …

Target topples CEO in latest data breach domino

The CEO of Target is the latest casualty of the big-box retailer's disastrous holiday data breach. The company said that chief exec Gregg Steinhafel would be leaving the company after 35 years,vacating both the CEO and president roles as well as his seat as chairman of the company's board of directors. Steinhafel had overseen …
Shaun Nichols, 05 May 2014

Let it go, Steve: Ballmer bans iPads from his LA Clippers b-ball team

Steve Ballmer says he doesn't have huge changes planned for the Los Angeles Clippers, his newly acquired pro basketball team, but he does want them to quit using Apple products. "Most of the Clippers are on Windows, some of the players and coaches are not," the former Microsoft CEO told Reuters, without naming names. Although …
Neil McAllister, 25 Sep 2014
Hadoop Elephant

Intel: Hey, enterprises, drop everything and DO HADOOP

IDF 2014 How important will Big Data be to the typical enterprise IT department within the next few years? More important than any other workload, if you believe Intel. "Within a couple of years, Hadoop will be the number one application. It will be running on more servers than any other single app. It will be more common for enterprise …
Neil McAllister, 10 Sep 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
EE 4G banner

BT to gobble EE for £12.5bn – BTEE phone home

+Comment BT is in talks to acquire EE for £12.5bn. BT had been eying up taking O2 from Telefonica. The former national telco said on Monday that it expects "significant synergies" from absorbing EE, mainly through cuts "network and IT rationalisation, back-office consolidation and savings on procurement, marketing and sales costs". BT …
Kat Hall, 15 Dec 2014

SAP gets into OpenStack bed with... ORACLE? (and 100 others)

SAP is preparing to work with arch-rival Oracle on developing open-source software that will benefit both companies' products. This perplexing state of affairs was announced by SAP on Tuesday when it said it had become a "Corporate Sponsor" of the OpenStack Foundation to the tune of $25,000 a year. Oracle is also a sponsor, as …
Jack Clark, 22 Jul 2014
The Register breaking news

Apple board member Jerry York dies at 71

Jerome York, the financial mind and turnaround expert who most recently shared his business acumen as a long-serving member of Apple's board of directors, died Thursday morning of a brain aneurysm suffered Tuesday. York was 71 years old. "Jerry joined Apple's Board in 1997 when most doubted the company's future," said Apple CEO …
Rik Myslewski, 18 Mar 2010
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
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Ex-General Electric boss unleashes bile on HP board

Oracle's Larry Ellison isn’t the only CEO mouthing off at Hewlett-Packard’s decision to hire Leo Apotheker as the company’s replacement for disgraced former boss Mark Hurd. Now Jack Welch, the ex-chief of General Electric, is sticking the boot in, too. According to the Wall Street Journal, Welch said in New York yesterday at the …
Kelly Fiveash, 06 Oct 2010
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
The Register breaking news

Google boss quits Apple board in wake of Chrome OS

Apple announced today that it has finally severed ties with Google CEO Eric Schmidt, who had been on the firm's board of directors since August 2006. The decision to cut Schmidt loose hardly comes as a surprise. In May Mountain View confirmed reports that the US Federal Trade Commission was probing whether overlapping board …
Kelly Fiveash, 03 Aug 2009

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 …
Satya Nadella

Satya Nadella, Year One: Has Microsoft's new CEO cut the mustard?

One year ago, on February 4, 2013, Microsoft's board of directors appointed Satya Nadella the third chief executive in the company's history. So what do we have to show for it, so far? Nadella's predecessor, Steve Ballmer, wasted no time in taking his hands off the wheel in Redmond, even going as far as to resign his seat on the …
Neil McAllister, 05 Feb 2015
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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 …

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
AOL logos

Yahoo! dumps! thing! that! made! it! Yahoo! and! told! to! bed! AOL!

A hedge fund is urging Yahoo! to form a "strategic combination" with fellow internet dinosaur AOL – just as Yahoo! announced it was killing off its founding feature, created about 20 years ago. In an open letter to Yahoo! CEO Marissa Mayer, investment house Starboard Value asked her to consider making a number of moves it thinks …
Shaun Nichols, 27 Sep 2014
A man shouting angrily

You need a list of specific unknowns we may encounter? Huh?

Something for the Weekend, Sir? The CIO flew in the other day. I am just a contractor so I only hear stories but so mythical is this fellow that I get the impression he must have flown in by winged chariot and would be trotting across town to our office on a company-funded unicorn. His arrival would then be announced by a fanfare of trumpets and a team of …
Alistair Dabbs, 27 Jun 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
Escalator Stairs

Acer founder Shih to step down for second time next month

Stan Shih, chairman and founder of ailing PC maker Acer, is set to retire next month as the company continues to try and claw back market share and force its way into the global top three. Shih, 69, will leave the company on June 18, the same day shareholders meet to elect a successor, according to Reuters. He is apparently …
Phil Muncaster, 05 May 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

Ex–Apple CEO John Sculley: Ousting Steve Jobs 'was a mistake'

Ex–Apple CEO John Sculley, who engineered Steve Jobs' removal from managing the company's Macintosh division in May 1985 – a move that eventually led Jobs to resign that September – now thinks it may not have been such a good idea. "I think, in hindsight, for the founder to leave was a mistake and I was a part of that," Sculley …
Rik Myslewski, 18 Apr 2014
cloud

HP storage hobbled by board's indecision

Opinion 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

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

Investors eye Yahoo!'s future as China's Alibaba files for US IPO

Chinese e-commerce giant Alibaba filed paperwork with the US Securities and Exchange Commission on Tuesday for its much-anticipated initial public offering, a move that could have dramatic implications for Yahoo! and other US businesses. Tuesday's SEC filing indicated that Alibaba is seeking to raise $1bn, but that's just a …
Neil McAllister, 07 May 2014

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

Comment 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
A fresh horse dump

Legalese and coding? Yup, it's the open-source FOSDEM shindig

FOSDEM doesn't get the ra-ra headlines or (thankfully) the "booth babes" but the conference does get networking and top technologists (and Belgian beer). I saw a couple of my tech heroes and big cheeses here a few minutes apart just before writing this, for example, and got some top advice for a specific tech issue a breath …

Acer parachutes cofounder Huang in as new chairman

The board of directors at troubled device maker Acer have again elected a key figure from the past to help it get "back to success", the company confirmed following today's Annual General Meeting. Co-founder and general secretary of the Transformation Committee George Huang is to replace the firm's other co-founder, Stan Shih, …
Paul Kunert, 18 Jun 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
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

Adobe appoints former Reg man as open-source chief mobile lead

Adobe, maker of such renowned proprietary products as Flash Player and Creative Suite, has hired a career open-sourcer to lead mobile marketing. Matt Asay has quietly been appointed Adobe’s vice president of mobile for the firm’s digital marketing business, The Reg has learned. He left his post as vice president of community at …
Gavin Clarke, 14 Nov 2014
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
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 …
homeless man with sign

Satyam board mulls buyers shortlist

Satyam's government-appointed board of directors met today to look at bids received for the company - the deadline for registering interest was last night. Directors have appointed former Chief Justice of India SP Bharucha to oversee the process. Interested bidders have until next Friday to provide proof of funds totalling at …
John Oates, 13 Mar 2009
The Register breaking news

Reform candidate gets CISSP tin star sheriff's job

Reform candidate Dave Lewis has been elected to the (ISC)2 board of directors. The security certification body, which administers the Certified Information Systems Security Professional (CISSP) qualification, has about 80,000 members worldwide. Four of the 13 seats on the (ISC)2 board were up for election this year; one of the …
John Leyden, 06 Dec 2012

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
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 …
The Register breaking news

Yahoo! faces battle for the board

Yahoo! might not have escaped the clutches of Microsoft after all. Activist investor Carl Icahn has confirmed he will fight to take over Yahoo!'s board of directors in order to force through a takeover by Microsoft. Icahn, who succeeded in getting board seats at Motorola, today named the ten people he would like to see replace …
John Oates, 15 May 2008
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 …
Microsoft campus

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

Build 2014 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
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
ClouderaIntel

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

Analysis 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
LIDL's soft toy showing circular saw blades

Aaah, what's that smell, Nook? Yes, it's death: Barnes & Noble to jettison e-book biz

Barnes & Noble has announced plans to spin off its floundering Nook e-book business as its revenues continue their long decline. On Wednesday, the bookseller reported retail revenues of $956m for the fourth quarter of its fiscal 2014, more or less flat from the year-ago quarter. Meanwhile, revenues from the Nook division were …
Neil McAllister, 25 Jun 2014

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

Bolshy Balch Hill blasts STEC bosses after talks break down

Activist investor Balch Hill has told STEC's shareholders that they should consider putting up a For Sale sign on the fallen flash leader's lawn and booting out the CEO and former CEO, the Moshayedi brothers. Balch Hill, which holds 9 per cent of shares, and its partner Potomac Capital have issued a letter to STEC shareholders …
Chris Mellor, 20 Mar 2013
hands waving dollar bills in the air

Nekkid Tech: Why Amazon is the crack dealer of cloud

Podcast Greg Knieriemen and trusty sidekick Ed Saipetch have posted another Nekkid Tech classic. This week they chat to Mark Twomey (aka "StorageZilla") and "disruptive tech diva" Christina Weil. This week: Ed and Greg figure out data plans in Europe; Thai massage parlours in Soho; Spotify vs Pandora; Fatboy Slim's subliminal Apple …
Team Register, 17 Jan 2012

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