March 13, 2008

Partial List: Microsoft’s Nominees For The Yahoo Board

Michael Arrington

50 comments »

Unless Microsoft and Yahoo amicably agree on a deal to merge, the next step in the process is for Microsoft to propose an alternate slate of directors for the consideration of the Yahoo shareholders in their upcoming shareholder meeting. Once (and if) Microsoft gets control of the board, an acquisition is a done deal.

The deadline to propose board members originally was tomorrow. However, a recent delaying tactic by Yahoo pushed that date forward by a month or so. Everything we’ve heard, though, says that Microsoft intends to push their slate sooner rather than later. In fact, it is our understanding from a source that the slate was to be announced today, but it has been delayed. It could come any time.

So who’s on it? That’s been the subject of a lot of speculation. Microsoft is proposing ten new board members, plus two alternates. (Here’s the current board members they would replace). We’ve got four of the names. These are being gathered piecemeal from separate sources, so consider it somewhat speculative for now. We are reaching out to each of them for comment.

  • Edward H. Meyer - former CEO, Grey Advertising
  • John Chapple - CEO, Nextel Partners
  • Tom Freston - former President, Viacom
  • Jaynie Studenmund - Former CEO of eHarmony

Stay tuned for additions.

  • Sphere It

Trackbacks/Pings (Trackback URL)

  1. Microsoft and Yahoo meet for first time since bid | Rocket Spider
  2. » News For March 23, 2008 » InsideMicrosoft-part of the Blog News Channel
  3. The Internet Marketing Blog » Blog Archive » SearchCap: The Day In Search, March 13, 2008
  4. The New York Post Got It Wrong—Microsoft’s Alternate Board Slate For Yahoo Is All Sewn Up
  5. Business News Research » The New York Post Got It Wrong—Microsoft’s Alternate Board Slate For Yahoo Is All Sewn Up
  6. TechCrunch Japanese アーカイブ » マイクロソフトが推すヤフーの取締役候補リスト(一部)
  7. Microsoft And Yahoo’s $40 Billion Game Of Media Chicken
  8. Microsoft & Yahoo Rumors | SaranX.com ~Saran Saha~
  9. www.teletubis.info » Blog Archive » Microsoft (Pretends To) Force Yahoo’s Hand
  10. Yahoo Leaks That Tomorrow They’re Going To Write A Very Stern Letter To Microsoft
  11. www.teletubis.info » Blog Archive » Yahoo Leak To Reuters: Tomorrow They’re Going To Write A Very Stern Letter To Microsoft
  12. Names percolate in Microsoft’s opposition slate for Yahoo « IT Spot
  13. B on the Move - Tech News - Names percolate in Microsoft’s opposition slate for Yahoo
  14. Will The Microsoft Hammer Fall This Week?
  15. TechCrunch Japanese アーカイブ » マイクロソフトが今週いよいよ鉄槌を下す?
  16. socialinnovation3.com
  17. Updated List: Microsoft’s Nominees For The Yahoo Board
  18. www.ubraniaroxy.pl » Blog Archive » Update: We Now Know 8 of Microsoft’s 12 Proposed Yahoo Board Members

Comments

RSS feed for comments on this post.

  1. /pd

    They can Propose.. but God will dispose.. I don’t think that the shareholder will accept outside nominations so easily..

  2. BA

    These people won’t be receiving a cmas card from Jerry

  3. Jeff O'Hara

    I hope this blows up in MS’s face.

  4. Smaran

    Now that the EU has approved Google’s acquisition of DoubleClick, it’s disturbingly likely that Microsoft will in fact acquire Yahoo. None of the members of this Flickr group (me included) are happy about it.

  5. Rohit

    I really hope MS gets Yahoo. Its high time Google faces some serious competition. I think left uncheck Google will be a bigger problem than MS ever was and people who have get emotionally involved with these corporate name should get their head checked.
    MS and yahoo merger is good for all. In case it does not happen yahoo will wither away sooner or later.

  6. Alex Hammer

    Good fact gathering. Will be interested to see comments and follow-ups to see (analyze) what this means.

  7. Et

    @5 Actually, I feel that MS acquiring Yahoo doesn’t deal with the problem of Google becoming to big. It just creates a second giant monster. Mothrasoft vs Googlezilla is never good for the poor people of Tokyo. ;-)

  8. dcny

    Would all of yall stop saying its a merger there is no way in hell this will be a merger it will be an acquisition; the two companies are not equal so no merger its an acquisition. Will the company be called MicorsoftYahoo, Microhoo, or whatever else you can think of hell no it will be Microsoft Corp.

    Difference between a merger and a acquisition

    When one company takes over another and clearly established itself as the new owner, the purchase is called an acquisition. From a legal point of view, the target company ceases to exist, the buyer “swallows” the business and the buyer’s stock continues to be traded.

    In the pure sense of the term, a merger happens when two firms, often of about the same size, agree to go forward as a single new company rather than remain separately owned and operated. This kind of action is more precisely referred to as a “merger of equals.” Both companies’ stocks are surrendered and new company stock is issued in its place. For example, both Daimler-Benz and Chrysler ceased to exist when the two firms merged, and a new company, DaimlerChrysler, was created.

    In practice, however, actual mergers of equals don’t happen very often. Usually, one company will buy another and, as part of the deal’s terms, simply allow the acquired firm to proclaim that the action is a merger of equals, even if it’s technically an acquisition. Being bought out often carries negative connotations, therefore, by describing the deal as a merger, deal makers and top managers try to make the takeover more palatable.

    A purchase deal will also be called a merger when both CEOs agree that joining together is in the best interest of both of their companies. But when the deal is unfriendly - that is, when the target company does not want to be purchased - it is always regarded as an acquisition.

    Whether a purchase is considered a merger or an acquisition really depends on whether the purchase is friendly or hostile and how it is announced. In other words, the real difference lies in how the purchase is communicated to and received by the target company’s board of directors, employees and shareholders.

  9. Olubi Ezra

    @8. who was arguing with you BTW?

  10. Vijay Chakravarthy

    What most people dont know is that the board was chosen based on careful matching on 29 different dimensions of compatibility.

  11. browse

    lol 10

  12. sm

    Jaynie Studenmund was CEO of eHarmony for a very short time. Perhaps more intriguing - she was the former COO of Overture when it was purchased by Yahoo.

  13. Jonathan Jiang

    YHOO’s management:
    Denial: The initial stage: “It can’t be happening.”
    Anger: “Why me? It’s not fair.”
    Bargaining: “Just let me live to see my children graduate.”
    Depression: “I’m so sad, why bother with anything?”
    Acceptance: “It’s going to be OK.”

    From http://blogs.barrons.com/techt.....ws_barrons

    Not necessarily saying I agree with the barrons blog post, but how long is YHOO’s stock going to stay artificially high? Don’t forget, before the announcement from msft yahoo’s price was at bottom low 19’s for a whole day. You can see for yourself here at http://finance.google.com/finance?q=YHOO

    But seriously, I’ve ran out of popcorn and moved on to the pepto — this is getting painful to watch.

  14. Fred Clemson

    yeah, well everyone can speculate until eternity. but we can start through a process of elimination. for one, we now can firmly elimininate that totally spurious rumor that news corp would swoop in. totally wrong. rupert M. shot that one down in public earlier in the week

  15. Michelle Greer

    I don’t think Microsoft swallowing Yahoo is the answer for competition to Google. Can Microsoft innovate at the same pace Google does? Have they ever done anything in the search engine game but follow Google’s footsteps since day 1? I don’t think we’ll see Microsoft do any damage to Google’s armor with Yahoo. They have too many irons in the fire to keep up.

  16. JosefVirek

    @14

    “…Can Microsoft innovate at the same pace Google does? Have they ever done anything in the search engine game but follow Google’s footsteps since day 1? I don’t think we’ll see Microsoft do any damage to Google’s armor with Yahoo. They have too many irons in the fire to keep up….”

    Sounds alot like some of the famous last words of an ex-MS competitor ;)

  17. Paul

    Anyone else know anything about these proposed board members? (Thanks @12)

  18. Marzipan from Toledo

    I’m guessing the first thing out of the mouths of some of these people who you are “trying to reach for comment” is, who or what in the H is TechCrunch

  19. Goober

    @14 & 15:
    What exactly has Google innovated in the past 2 years? Buying Doubleclick? Buying Youtube? Not all that “innovative”. Opensocial? Hmm, not so much. Android? Not gonna gain any traction given the open requirement of mobile. Plus everyone is creating these developer platforms. P.S. Look at Google results vs. 5 years ago. Same damn page. A laundry list of blue hyperlinks. Yes, Google is a great company and is loaded. But I really don”t get this misperception that its overly innovative. With 17,000 employees they should have innovated a hell of a lot more than they have.

  20. www.fantasysportsmatrix.com

    It’s going to be one complicated merger/acquisition…

  21. Anon

    @19:

    “P.S. Look at Google results vs. 5 years ago. Same damn page. A laundry list of blue hyperlinks. ”

    Microsoft didn’t even come out with a new desktop OS for 5 years… and when they finally did, it sucked so much that people want to move back to the old one.

    “With 17,000 employees they should have innovated a hell of a lot more than they have.”

    MS have what … 80,000 employees? You’d think they would innovated a hell of a lot more.

    The fact is, it is difficult to quantify innovation. Both MS and Google are great companies and they have a lot of innovation going on. Looking at a few (maybe unsuccessful) products and claiming failure of innovation is unfair, especially as the company grows larger.

  22. I Am Not Posting To Spam My Blog

    @8: Why don’t we just merge the terms? Or have one acquired if you prefer?

    From now on, the Microsoft/Yahoo deal is to be referred to as a “mergition” or an “acquerger”. Actually that last one sounds like a mental disorder, stick with mergition.

  23. Goober

    @21, agree: MSFT hasn’t been an innovation engine either. Not standing up for them by any means. Just suggesting that the “company x can’t keep up with Google’s innovation” is really quite baseless.

  24. Please Explain

    Can someone (Mike Arrington, lawyer) please explain how Microsoft (a competitor) can put their own people on Yahoo’s Board of Directors????

    that makes no sense.

    please elaborate how this can be legally done.

    What’s stopping Burger King from doing the same to McDonald’s? Or Nike with Reebok? etc.

  25. DJCarbon43

    Haha,
    vwag just stole the whole content of this post, without even a mention of getting it all here….I just helped clarify for their readership in the comments… ;)

    http://valleywag.com/367863/me.....ahoo-board

  26. Riley

    I think MS should go to hell. Yahoo is great right now and does not need MS to mess everything up. MS is not as great as they think they are.

  27. Will

    I still want dos back.

  28. Jackson

    Seriously I hope the government will reconsider breaking up Microsoft into a billion different companies. They are a monopoly. They have broken the law. The entire board belongs in prison. Period. End of Story.

  29. Floroskop

    Hello!
    I think this try.

  30. Madolinerd

    nice work, bro

  31. DamionKutaeff

    Hello everybody, my name is Damion, and I’m glad to join your conmunity,
    and wish to assit as far as possible.

  32. Metrujectiktus

    Приветствую всех!
    У меня такой вопрос,кто что интересное подскажет буду признателен.
    Мы с друзьями собираемся поехать в круиз по просторам России и ближнего зарубежья месяца на два на своих машинах,но не как не можем согласовать маршрут,если у кого уже был опыт такого путешествия,может,что посоветуете.Девчонок с собой не берем,думаем,что во все городах России с этим не будет проблем,если у кого будут рекомендации и в вопросе отдыха с девушками тоже буду признателен.

    С уважением Сеньчик