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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
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 …

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
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
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 …
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
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
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

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 …
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

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
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

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
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
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
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
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" …

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 …

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
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
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

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
GoPro HD Hero

Former Microsoft exec Bates bounces to GoPro

Portable video camera maker GoPro has made former Microsoft executive Tony Bates its president in the run up to its IPO. The onetime Microsoft exec will report directly to GoPro's chief executive Nicholas Woodman, GoPro announced on Wednesday. The firm filed with US regulators in late May to raise as much as $111m in an IPO. …
Jack Clark, 04 Jun 2014
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
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 …

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
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
Adapteva's Epiphany-IV chip

This supercomputing board can be yours for $99. Here's how

Adapteva, an upstart RISC processor and co-processor designer that has tried to break into the big-time with its Epiphany chips for the past several years, is sick and tired of the old way of trying to get design wins to fund its future development. So it has started up a community project called Parallella that seeks to get …
Dell logo in crosshairs

Icahn and Southeastern try to hamstring Mike Dell's buyout bid

Investor Carl Icahn and fund Southeastern Asset Management have proposed an alternative to the Mike Dell-led buyout of Dell. In a letter to the PC firm's board, Icahn and Southeastern said they reckoned Dell shareholders should get the option to hang onto holding stock in Dell and take an additional $12 in shares or cash. The …

Oh, a Wyse guy, eh? Why I oughta make you Nexenta's new CEO

ZFS-storage software supplier Nexenta has changed its CEO for the second time in eight months, going for a popular exec from the ranks of IT's great and good: Tarkan Maner. Nexenta, which provides the Open Solaris and ZFS-based NexentaStor software storage OS, positions itself as the software-only answer to vendors who fear the …
Chris Mellor, 29 Aug 2013
The Register breaking news

Two new Ofcom board members appointed

The government's culture secretary Jeremy Hunt has appointed two non-executive members to Ofcom's board. Britain's communications watchdog said Dame Patricia Hodgson had quit her position at the BBC Trust to join Ofcom's board at the start of next month. She had failed to bag the chairman and vice-chairman roles at Aunties …
Kelly Fiveash, 09 Jun 2011
Mike Lynch

'Brit Bill Gates' defends his honour in open letter to HP board

Hewlett-Packard has slapped down former Autonomy boss Mike Lynch after he called for details of accounting charges made against him and for an explanation of what HP executives really knew. In an open letter to PC giant’s board, Lynch effectively accused HP of smearing him by releasing selected information to the media and he …
Gavin Clarke, 28 Nov 2012
Facebook

Netscape daddy's VC firm dumps $60m of Facebook stock

Facebook director Marc Andreessen's venture capital firm has sold off a chunk of its stake in the social network, netting itself around $60m. Andreessen Horowitz offloaded 1.2 million shares in the firm at between $49 and just over $50, according to a regulatory filing by Facebook. Andreessen helped set up browser firm Netscape …
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
Dunce

Symantec fires CEO Steve Bennett: To lose 1 chief is unfortunate, to lose 2 is OK, apparently

Symantec has fired its second CEO in two years: the company's chief exec, president and former board chairman Steve Bennett was today shown the door after less than 18 months on the job. "We recognize Steve's contributions to Symantec, including developing and leading a series of successful initiatives focused on organizational …
Iain Thomson, 20 Mar 2014
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
Toshiba NAND wafer

REVEALED: Fusion-io shopped itself to 11 firms... 10 declined

Fusion-io shopped itself to 11 companies and only got one offer. A Schedule 14D-9 SEC filing about the $1.1bn SanDisk acquisition of Fusion-io reveals that: SanDisk and Fusion-io first discussed a possible commercial arrangement in Summer 2013. Fusion-io talked to other potential partners as well. SanDisk expressed acquisition …
Chris Mellor, 26 Jun 2014
Ebay logo outside of the company's HQ

PayPal row heats up as eBay chair calls Icahn claims 'false and misleading'

eBay chairman Pierre Omidyar has said activist investor Carl Icahn's comments about the firm are "false and misleading" as the row over the fate of PayPal heats up. In one of his notorious open letters to shareholders, Icahn accused eBay's board of having conflicts of interest that had affected its decision not to spin off …

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

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
The Register breaking news

Medvet board to investigate privacy breach

Medvet, the paternity-and-drug-testing laboratory owned by the South Australian Government that allowed Google to index its customer records until last weekend, says it will investigate how the breach occurred. According to the Australian Broadcasting Corporation’s PM radio programme on Monday evening, the breach affected more …
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
The IDF armoured version of the Caterpillar D9 bulldozer

Construction industry outlook is bad news for Turnbull's alt.NBN plan

When Senator Stephen Conroy, Australia's former Communications Minister and the man who drove the early years of the nation's National Broadband Network (NBN) build, recently admitted that the rollout targets he signed off for the network's construction were too ambitious it was taken as further evidence his failings. Conroy …
Simon Sharwood, 29 Oct 2013