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Yahoo Chairman Roy Bostock steps down

February 8, 2012 by elegant · Leave a Comment

The changes keep coming at Yahoo , as Chairman Roy Bostock steps down; triggering a board overhaul at the beleaguered internet company. Yahoo Board Chairman Roy Bostock announced on Tuesday that he and three other directors – Vyomesh Joshi, Gary Wilson and Arthur Kern – will not stand for re-election this year to the company’s board of directors. The move comes just one month after Yahoo co-founder Jerry Yang stepped down from the company to pursue interests outside of Yahoo . At the time, Mr Bostock announced the company was continuing to undergo a strategic review – striking the tinder of takeover rumours. Two private equity firms – Silver Lake and TPG Capital – made tentative offers on the company that shareholders rejected as too low. Microsoft offered $44.6 billion for Yahoo in 2008; however Mr Bostock reportedly helped Mr Yang reject that offer. Yahoo is now worth $19.75 billion