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 …
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Imation CEO voted off board in proxy war bombshell

Imation's CEO has been provisionally voted off the company's board, as shareholders supported the activist investor Clinton Group in its view of Imation's alleged leadership failures. This AGM proxy vote result still has to be certified, but that looks a formality. The Clinton Group said Imation's long revenue decline and …
Chris Mellor, 21 May 2015
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EMC and VMware doing the old in-out shows the board is on the job

Comment The finance, storage and virtualisation communities have all been abuzz in recent days, following industry chatter that EMC might buy back the shares in VMware it doesn't already own – or that VMware might buy EMC. Both suggestions have been met with many sharp intakes of breath as pundits contemplate these financial …
Simon Sharwood, 06 Aug 2015
Panic button

Imation board and CEO get desperate ahead of May 20 AGM

Fearing the worst – that they might get booted off the board in a proxy vote war – Imation's CEO and board have written a second letter to shareholders, appealing for their support in a vote at the company's AGM on May 20. They criticised the Clinton Group and its ideas strongly, declaring: Clinton is seeking to remove three of …
Chris Mellor, 28 Apr 2015

UK exam board wants kids to be able to Google answers

Poll The Oxford, Cambridge and RSA (OCR) exam board wants pupils to be allowed to use Google to search for answers in exams. The proposal has been put forward by Mark Dawe, the OCR exam board chief executive, who claims that using Google is akin to using a calculator in mathematics and that there should be Google and non-Google …
Simon Rockman, 30 Apr 2015
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
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
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
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 …
Skier

Poor Imation's revenues continue their never-ending death spiral

Imation’s board may be thinking that breaking up is hard to do. But, with the continuing decline in revenues, the only way to get any value out of the company may be to sell off the promising parts and forget the rest. It carried on plunging down the revenue slope with a 15.7 per cent annual decline in its second-quarter 2015 …
Chris Mellor, 11 Aug 2015
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, …
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HP's $3 BEELLLION Aruba buy ‘significantly undervalues’ wireless operator

Hewlett-Packard’s proposed $3 billion purchase of wireless mobile specialist Aruba Networks is facing a legal hurdle. A case has been filed in a US court against HP, Aruba, its management and board members claiming HP’s price drastically undervalues the firm. The case (5:15-cv-01502) claims the proposed deal is unfair, because …
Gavin Clarke, 20 Apr 2015
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
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
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

Citrix CEO retires as activist investor Elliott snatches the wheel

Citrix chief exec Mark Templeton has said he will retire, as activist investor Elliott Management takes a larger role in the company. Templeton joined Citrix in 1995 and has served as its CEO since 2001. But hedge fund Elliott has been among the most vocal in calling for change following what it describes as years of …
Neil McAllister, 29 Jul 2015
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

ICANN running the global internet? It's gonna be OK, it's gonna be OK, US Congress told

US Congress was soothed Wednesday morning over the fundamental shift of the IANA contract, which oversees the running of the global internet, from the US government to non-profit domain overlord ICANN, but significant questions remain. In a hearing called by the House Energy and Commerce Committee, ICANN's smooth-talking CEO …
Kieren McCarthy, 08 Jul 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
Fukushima Warning Sign by Raneko https://www.flickr.com/photos/raneko/

Fukushima nuke plant owner told to upgrade from Windows XP

The Tokyo Electric Power Company (TEPCO), operator of the stricken Fukushima Daiichi nuclear energy complex, has been told to migrate 48,000 internet-connected PCs off Windows XP sooner rather than later. TEPCO was recently probed by Japan's Board of Audit, an organisation that oversees the finances of Japan's government and …
Simon Sharwood, 23 Apr 2015
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

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

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 …
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

ICANN's bill for clawing global DNS from Uncle Sam: $7m and counting

Domain-name overseer ICANN is failing in two fundamental tasks, according to the US government, while spending millions of dollars of internet users' money trying to take control of the critical IANA technical contract. In a letter sent earlier this month from the Senate's Judiciary Committee to the White House new “IP Czar” …
Kieren McCarthy, 30 Apr 2015
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
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Informatica goes private – with Microsoft and Salesforce each taking a share

Data management outfit Informatica became a private company on Thursday, in a multibillion-dollar leveraged buyout that included investment from Microsoft and Salesforce.com's venture wing. Investors received $48.75 in cash for each share of Informatica, which previously had traded on the Nasdaq exchange. The total value of …
Neil McAllister, 07 Aug 2015
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
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EMC's turbulent trifecta temporarily ties Tucci to top table

Comment Succession, transformation and a customer buying pattern sea-change are simultaneously embroiling EMC’s top management and board in a perfect storm, according to CEO Joe Tucci in the quarterly results earnings call. Six months after Joe Tucci’s last – and deferred – retirement date from running the EMC Federation, where he is …
Chris Mellor, 23 Jul 2015

Unredacted: ICANN's hidden role in fierce battle over .Africa rights

Domain-name overseer ICANN's pivotal role in a controversial fight over .africa is today revealed in full for the first time. An independent review into the .africa saga, which was two years in the making, concluded that ICANN had broken its own bylaws: the organization had failed to properly investigate claims made by one of …
Kieren McCarthy, 15 Jul 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

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
Selection of Australian banknotes

TPG ups offer for iiNet to AU$1.56bn, includes clever cash kicker

Australia's TPG Telecom has increased its offer for internet service provider iiNet, leapfrogging a counter-bid by the M2 group to emerge as the preferred buyer. TPG upped its offer by 11 per cent, to about AU$1.56bn or $9.55 a share, payable in cash or TPG stock. Rival suitor M2 Group is offering $9.67 per share, but iiNet's …
Simon Sharwood, 06 May 2015
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
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
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
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