Internet, Board Of Directors | featured news

Institutional Shareholder Services, the influential shareholder advisory firm, has recommended that AOL stockholders vote for two of the three board nominees put forward by dissident shareholder Starboard Value.

Yahoo said it would appoint three new independent directors to its board in April, as the Internet company aims to complete an overhaul of its board and leadership while avoiding a proxy fight with an unhappy large shareholder.

Yahoo will forge its future without Chairman Roy Bostock and three other board members, the struggling Internet company said.

IAC/Interactive, Barry Diller's conglomerate of Internet businesses, disclosed in an SEC filing this afternoon that the company has named Chelsea Clinton, daughter of former president Bill Clinton and current Secretary of State Hillary Clinton, to the company's board of directors.

Yahoo Inc shareholder Daniel Loeb appealed to the company's co-founder Jerry Yang to fire Chairman Roy Bostock and several other directors to revive the Internet media company after years of poor performance.

After being fired, Bartz gave an inflammatory interview to Fortune magazine in which she characterized Yahoo's board as "doofuses" who "fucked me over".

And so it begins. After Yahoo this week gave CEO Carol Bartz the axe, the stock rallied on the suspicion on the Street that the company almost certainly has now been put into play, and might not last very long with its current corporate structure.

EBay has put its former chief executive, Meg Whitman, on the witness stand on Monday to make the case that Craigslist unfairly denied the Internet giant a seat on its board.

The move was the latest sign that the longtime allies in the computer world are beginning to compete for business.