Yahoo grabbed PayPal co-founder and Evernote director Max Levchin for its own board, but loses two of its existing members. Yahoo now has a total of 11 on its board.
Proxy battles are tailored made for tech blog coverage: conflict, deadlines, inflammatory letters! But the latest move by Yahoo, which appointed three new board members yesterday, is not the smack in the face that blogger Kara Swisher (who we typically defer to in all things Yahoo), is making it out to be.
When it rains, it pours. The embattled Yahoo, which made itself the black sheep of Silicon Valley this week with a patent lawsuit against Facebook, is now facing a proxy battle over a new board from activist investor Dan Loeb at Third Point.
Theword “Wordnik“ isn’t in the dictionary. But with $8 million in third-round financing and a Google exec on its board, the company called Wordnik just might redefine what a dictionary is.
Guest Post (Editor’s note: Brad Feld is an early stage investor and co-founder of Foundry Group. This post originally appeared on his blog.)
Hewlett-Packard agrees to cough up $14.5 million in response to the board-spying scandal that has hurt HP’s brand, but this raises fundamental questions about how board members are trained.