Articles about S Board

Juniper okays Elliott Management's board nominees

Juniper Networks and activist investor Elliott Management are fluttering the “peace in our time” paper, with the network ironmonger agreeing to appoint two new Elliot-approved directors to its board. The deal will hopefully give the company some respite from a year of corporate turbulence that saw the appointment and axing of a …
Openstack log

Symantec wins spot on OpenStack Foundation board

Symantec's Gold membership of OpenStack only came through last December, but the company has already scored a slot on the effort's board. The OpenStack Board includes representatives of the eight Platinum sponsors, plus eight directors put forward by the 24 Gold sponsors. Another eight individual members complete the roster. …
Simon Sharwood, 12 Jan 2015

Barracuda CEO snaps up post on Nimble board

Barracuda’s CEO, “BJ” Jenkins, has joined hybrid disk array leader Nimble Storage’s board. Doesn’t the day job fill his time? He’s also Barracuda’s president, as if he’s not busy enough. A canned quote from him on his move said: "It's an exciting time to be in the storage business as innovation thrives and new industry leaders …
Chris Mellor, 13 Mar 2015
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
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
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
PayPal

eBay rejects Carl Icahn's board nominees as 'inexperienced'

eBay has rejected both of Carl Icahn's nominees for its board, saying they're not qualified for the job – and has urged its investors to do the same. The online marketplace said in a pre-annual general meeting filing that it had looked at the candidates proposed by the activist investor, who's agitating to get the firm to spin …
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
Joe Tucci EMC

EMC II CEO David Goulden leaves VMware board

David Goulden, chief executive officer of of EMC Information Infrastructure and chief financial officer of EMC, has left VMware's board. Goulden will be replaced by Paul Sagan, a partner executive-in-residence at venture capital outfit General Catalyst Partners. Sagan is also on EMC's board and is a former CEO of Akamai. The …
Simon Sharwood, 08 Apr 2014
Dell logo in crosshairs

Icahn sues Dell's board over Big Mike's buyout bid

Activist investor Carl Icahn and his affiliates have filed a legal complaint against Dell and its board members in his latest attempt to thwart Big Mike's efforts to regain control of the PC behemoth. Icahn filed in Delaware's Court of Chancery on a number of counts. One of these is a request for the court to to stop Michael …

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

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
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
Malcolm Turnbull

'I shot the sheriff': Turnbull asked for NBN Co board scalps

New communications minister Malcolm Turnbull has told a Sydney press conference that the government specifically requested the resignation of the NBN Co board, “to give the government complete flexibility in remaking the board in light of the policy agenda.” Turnbull said that “I have never criticised any of the individuals on …
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
The Register breaking news

Sony's board debates breaking up with Spider-Man

Sony has said that it will consider a proposal from activist investor Daniel Loeb that the group should sell off parts of its music and movies business, which includes popular franchises Spider-Man and Resident Evil and the weepy ballads of Brit crooner Adele. Chief exec Kazuo Hirai told reporters from the Financial Times, …
Bletchley Park Manor House, photo: Gavin Clarke

Bletchley Park board member quits amid TNMOC split-off spat

A Bletchley Park Trust board member has stepped down in protest against the charity's failure to sort out a long-running dispute with the National Museum of Computing. Dr Sue Black, senior research associate at University College London's department of computer science, quit the Trust's board at the end of last year. She …
Jasper Hamill, 10 Mar 2014
BlackBerry bleeding

BlackBerry board swatted away offers to break it up, sources claim

Despite all of the parties that were said to be interested in acquiring pieces of stricken smartphone vendor BlackBerry, breaking up the company was never an option that was on the table, sources claim. The Canadian firm spent six weeks trying to sell itself off but ultimately failed. Instead, it ended up with nothing more than …
Neil McAllister, 09 Nov 2013
Google car

LOOK OUT - it's a GOOBER! Google's über-Uber robo apptaxi ploy

Google may be working on an Uber-like service using autonomous vehicles, reports Bloomberg. The financial newswire's story says Google’s chief legal officer David Drummond, who sits on Uber's board, has mentioned Google's interest in some kind of Uber competitor, and that possible conflicts of interest are therefore being …
Simon Sharwood, 03 Feb 2015
Steve Ballmer

Who's top Microsoft shareholder? Uh oh, it's STEVE BALLMER

When former Microsoft CEO and current board member Steve Ballmer said he was "very interested" in the company's future, he wasn't kidding. As of Wednesday, Ballmer became Redmond's largest individual shareholder, with a stake even greater than that of founder Bill Gates. The switcheroo wasn't because Ballmer acquired new shares …
Neil McAllister, 03 May 2014
Symantec CEO Michael Brown

Symantec's CEO search ends where it started, with Michael Brown

After a six-month search, Symantec has finally named its new permanent CEO – and it's none other than Michael Brown, the man the company's board named as interim CEO in March. Brown reportedly emerged as the front-runner during a review of more than 100 potential candidates, 30 of whom were "actively vetted" for the chief exec …
Neil McAllister, 25 Sep 2014
Larry Ellison, photo by Oracle Corporate Communications

Oracle's Larry Ellison quits as CEO – new bosses are Hurd'n'Catz

Oracle has, in the past few minutes, announced that company founder Larry Ellison has stepped down as chief executive, effective immediately. Outspoken Ellison will remain with the company in the capacity of chief technology officer, and he will continue to oversee all software and hardware engineering functions, Oracle said in …
Neil McAllister, 18 Sep 2014

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

How long will the next NBN Co board last?

Wanted: NBN Co board members. Essential: telecommunications network rollout experience; ability to conduct a thorough review of the current NBN rollout; conduct weekly performance reviews of network rollout without interruption to operations. Desirable: willing to be dismissed at short notice. Cost blowouts and missed targets …

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

SNIA's Australia/New Zealand chapter winds itself up

The Storage Networking Industry Association's (SNIA's) Australia and New Zealand chapter has decided to wind itself up. “I would say SNIA ANZ has achieved its goal over the years,” said chairman Sean Kopelke, before going on to explain that the Association's board felt the global SNIA charter – which focuses on standards and …
Simon Sharwood, 22 Oct 2014
The Register breaking news

Google's top female cheese nominated to serve on Walmart board

Google veteran Marissa Mayer has been nominated to serve on the board of the world's biggest retailer Walmart. The multi-billion dollar outfit said its directors sought the election of Mayer to become the sixteenth member of the board. Voting will take place at Walmart's annual shareholders' meeting on 1 June, it added. Mayer, …
Kelly Fiveash, 16 Apr 2012
Don Basile CEO of Violin Memory

We're not talking, so PAH: Violin Memory's big dogs blank sacked CEO

Violin Memory’s terminated CEO and unwanted board member Don Basile cannot be dismissed from the board – but has been excluded from all operational matters concerning Violin. He’s in a form of internal exile, as it were, because the board has created an executive committee formed of all the board members except Basile, The …
Chris Mellor, 13 Jan 2014
money notes lifted up

Bolshy investors launch yet another assault on Emulex board

Angry investor Altai Capital Management has written an open letter to Emulex CEO Jim McCluney demanding the resignation of Emulex's board after it rejected a takeover offer from Broadcom. That's the view put across by activist investor Altai Capital Management in a public letter to Emulex CEO Jim McCluney. Background Emulex …
Chris Mellor, 09 May 2013
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
Microsoft CEO Satya Nadella

Microsoft's axeman Nadella fills baskets with 2,100 fresh heads

Microsoft CEO Satya Nadella has brought down his axe again, sending off the next batch of the 18,000 employees he has promised will lose their jobs by the end of the year. The Redmond supremo issued about 2,100 pink slips on Thursday, the Seattle Times reports, bringing the total number of layoffs to approximately 15,100 and …
Neil McAllister, 18 Sep 2014
Veeam v7 data flow

Veeam chases $1bn revenue dream as VC joins board

Veeam is looking more and more like the Data Domain of virtual server backup suppliers, announcing 100 per cent annual growth in second quarter bookings, boasting more than 73,000 customers and securing a new VC partnership to take it to the $1bn annual revenue level. That would mean, El Reg's storage desk thinks, passing …
Chris Mellor, 06 Aug 2013
Tom Reilly Cloudera CEO

Why Intel's Kings of Xeon handed Cloudera a $740m cash pot

Analysis Why did the Kings of Xeon bet so big on Cloudera, lobbing $740m at it earlier this year and pushing any IPO well into the future? Cloudera, founded in 2008, and distributing Hadoop plus analytics software for big data munching, was a well-funded startup with a string of investment rounds up until 2013. When CEO Tom Reilly came …
Chris Mellor, 03 Dec 2014

Imation shareholders facing proxy FUD-flinging war at AGM

Proxy FUD poo is being thrown around at Imation. Activist investor The Clinton Group has its hooks into Imation and the Imation board is pleading with shareholders to reject Clinton's candidates at the May 20 AGM. The Clinton Group thinks five years of declining revenues and losses under CEO Mark Lucas and the current board is …
Chris Mellor, 13 Apr 2015
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" …
AVSWinvote box

Default admin password, weak Wi-Fi, open USB ports ... no wonder these electronic voting boxes are now BANNED

The US state of Virginia is decommissioning a long-serving electronic voting system after learning of its gaping security holes. The state's Board of Elections was urged to decertify the Wi-Fi-connected Advanced Voting Systems WINVote system after the boxes were found to lack basic security measures against physical and …
Shaun Nichols, 17 Apr 2015
The Register breaking news

Chair-tossing Steve flings surfer Steve onto Microsoft board

Snowboarder, surfer, documentary filmmaker and sports team investor Steve Luczo has joined Microsoft's board... there are two Steves on it now. He also runs Seagate, by the way. Shy and retiring Microsoft CEO Steve Ballmer said in a canned quote: "As the leader of a global company with more than 50,000 employees, with deep …
Chris Mellor, 04 May 2012
Downing Street road sign

Ark scoops £700m to host ALL UK.gov's data centre needs

Exclusive Small data centre biz Ark has won a £700m four-year outsourcing megadeal with the Cabinet Office to supply the government's entire data centre estate via its Crown Hosting contract, multiple sources have told The Register. El Reg understands that the estate will initially be run via the company's two data centres in Farnborough …
Kat Hall, 12 Mar 2015

Back off – it is ILLEGAL to make us accountable, claim ICANN lawyers

A row has blown up at global domain-name overseer ICANN, after the group looking into improving the corporation's accountability was told many of its ideas were illegal. At issue is the power of the board versus the power of ICANN's members – should the board always have the power to overrule its membership? It's proposed that …
Kieren McCarthy, 10 Feb 2015
The Register breaking news

Zuckerberg blew $1bn on Instagram 'without telling Facebook board'

Facebook CEO Mark Zuckerberg left his board out of the loop as he personally hammered out a $1bn deal with Instagram for its colour-changing photo software in three days of negotiations in his house in Palo Alto, culminating in the deal on Sunday 8 April, a report in the Wall Street Journal claims. Citing a person familiar with …
Anna Leach, 18 Apr 2012
HP

HP chairman Ralph Whitworth steps down immediately

HP is losing the man who has chaired its board of directors for the past two and a half years, over health concerns. The IT titan said Ralph Whitworth, 58, will be stepping down from the chairman position effective tomorrow in order to focus on his wellbeing. Further details on Whitworth's condition were not given by the company …
Shaun Nichols, 15 Jul 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 …
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 …

Big changes proposed to DNS overseer ICANN

Domain name overseer ICANN is likely to go through a radical reorganization if it wants to be given more control of critical internet functions, currently run under contract from the US government. Two recent papers - one from independent legal experts hired by a group looking into the contract's transitioning, and a second from …
Kieren McCarthy, 03 Apr 2015
A bald Carly Fiorina superimposed over the Capitol building in DC

Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'

Carly Fiorina – the former HP chief executive who presided over the firm's $24.2bn merger with Compaq – is mulling a run for the US presidency in 2016, Washington insiders claim. The Washington Post reported on Wednesday that Fiorina has been recruiting campaign staffers and holding private meetings with potential donors, and …
Neil McAllister, 26 Nov 2014

Icahn and I will: Carl's war on eBay goes NUCLEAR over Skype

Carl Icahn has pressed the red button in his war on eBay and has demanded access to all its records documenting the sale of VoIP firm Skype. The irate investor has published another of his infamous open letters in which he savages eBay management, and board director Marc Andreessen in particular. Icahn wants to launch a full …
Jasper Hamill, 04 Mar 2014
Google's Mountain View Headquarters

Google nabs Morgan Stanley CFO to replace Patrick Pichette

Google have announced that Ruth Porat, currently Chief Financial Officer at Morgan Stanley, will be joining the Mountain View management team as CFO. Current CFO Patrick Pichette announced his retirement to go backpacking earlier this month. Google stated that he would be staying on board to "ensure an orderly transition, which …
Broken CD with wrench

HP welcomes activist investor onto board

HP has found a seat on the board for activist stakeholder Ralph Whitworth, co-founder at Relational Investors which should buy his silence - in public at least - for a couple of years while CEO Meg Whitman steadies the ship. Relational bought 17.3 million HP shares or 0.9 per cent of the total stock in August following Apotheker …
Paul Kunert, 18 Nov 2011
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