Yahoo Replaces Half Its Board of Directors

itwbennett writes "Yahoo's restructuring continued Tuesday with the ousting of 4 board members, including chairman Roy Bostock, according to an IDG News Service report. The move follows the resignation of Yahoo co-founder Jerry Yang in January and gives investors something they'd been calling for, says analyst Greg Sterling: 'Investors have felt for a long time that the board was just rubber stamping what the leadership was doing. They want a reinvigorated board with some independence. People will wait to see what's different but I think this will be seen as a positive.'"

Translation

[IGnatius T Foobar]

They want a reinvigorated board with some independence

Translation: they want a board that will do what Microsoft wants.

valuable technology for Yahoo right now

[SethJohnson]

One of the biggest innovations the new board members could bring with them would be a time machine that would enable them to travel back to 1999 and prevent Yahoo! from squandering $5.7 billion in capital on its acquisition of Broadcast.com from Mark Cuban. [wikipedia.org]

These time travelling board of directors could then safeguard this capital from other potential blunders by locking it up in Apple Computer stock, which according to this inspired 1999 Motley Fool article [fool.com] admits Apple is "a very meaningful distance away from being a top tier Cisco, Intel, Microsoft or Yahoo!. That said, Apple is directionally on target and looking quite strong among the pack of PC makers." It would have been a much cheaper buy than Broadcast.com and left Yahoo! with pockets full of cash in 2012.

Yahoo!'s biggest problem over the years has been their leaders who have been suckers for hucksters who can deliver a good dog-and-pony-show and their organization itself has been unable to successfully deploy any new business concepts.

Seth