Apple names Arthur Levinson as chairman of the board, Bob Iger joins

By on November 15, 2011 at 4:33 PM.

Apple names Arthur Levinson as chairman of the board, Bob Iger joins

Apple has named Arthur D. Levinson as chairman of the board, filling the role that Steve Jobs held previously. Additionally, Bob Iger, CEO of The Walt Disney Company has joined as a board member. Apple’s full press release is after the break.  More →

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Carol Bartz surrenders spot on Yahoo board

By on September 13, 2011 at 12:00 AM.

Carol Bartz surrenders spot on Yahoo board

“I want to make sure that the employees don’t believe that I’ve abandoned them. I would never abandon them.” Those are the words of former Yahoo chief executive officer Carol Bartz who was fired from the firm over the phone last week but who said she would remain on the company’s board. Bartz no longer has a position on the board as of Monday, however, and it is possible that is a result of a recent interview with Fortune during which Bartz said Yahoo “f***ed me over” and called the rest of the company’s board “doofuses.” “On September 9, 2011, Carol Bartz resigned from the board of directors of Yahoo! Inc., effective immediately,” Charles Sipkins, a spokesperson for the board said in an email obtained by Reuters on Sunday. Bartz’s words could have cost her $10 million, according to Fortune which noted the exec had a non-disparagement clause in her contract with Yahoo. More →

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Apple board directors discussing options for Steve Jobs successor

By on July 19, 2011 at 3:37 PM.

Apple board directors discussing options for Steve Jobs successor

Apple’s board of directors has been in informal talks with executive recruiting firms and has been discussing a successor to CEO Steve Jobs, The Wall Street Journal reported on Tuesday. Reportedly, the board has also met and talked with “at least one” head of a “high-profile tech company” as a possible successor, although it’s unclear who that person is. The Wall Street Journal also noted that it wasn’t immediately clear if Steve Jobs had been aware of the search or if Apple has been looking behind his back, though he emailed The Wall Street Journal in response to their questions about the discussions: “I think it’s hogwash.” Steve Jobs has been on medical leave from the Cupertino-based firm since January of this year. More →

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RIM accused of using ‘stall tactics’ to delay management changes

By on July 7, 2011 at 4:44 PM.

RIM accused of using ‘stall tactics’ to delay management changes

Despite agreeing to address concerns over the shared Co-CEO and Co-Chariman roles held by Research In Motion bosses Jim Balsillie and Mike Lazaridis, the company again finds itself in hot water after a report from proxy advisor Glass Lewis & Co. was obtained by Bloomberg on Thursday. RIM announced in June that it would assemble a committee of independent directors to study the CEO and board roles, and then make recommendations as to whether or not the company should consider splitting the CEO and Chairman roles Balsillie and Lazaridis each currently hold. In its report, Glass Lewis wrote that the move was merely a stall tactic used to get Northwest & Ethical Investments LP to withdraw a motion it intended to put forward at RIM’s July shareholder meeting. “The appointment of independent board leadership does not require further study, but rather concrete action,” Glass Lewis analysts noted in their report. “While we commend the board for actively engaging with NEI in an attempt to reach a mutually agreeable solution, we are underwhelmed with the board’s continued avoidance of a commitment to appoint an independent chairman.” More →

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RIM agrees to consider splitting CEO, Chairman roles

By on June 30, 2011 at 6:45 PM.

RIM agrees to consider splitting CEO, Chairman roles

Research In Motion on Thursday said it would consider splitting its Chief Executive and Chairman roles ahead of its annual shareholder meeting next month. Jim Balsillie and Mike Lazaridis currently each occupy both roles, and the pair have been the targets of much criticism from shareholders, analysts and the media since RIM’s earnings call earlier this month. The company said in a statement that it would assemble a committee of independent directors to study the CEO and board roles, and then make recommendations. The news follows an anonymous plea made by a senior RIM executive that was published exclusively by BGR earlier on Thursday. RIM responded by stating that the company is “in a solid business and financial position to tackle the opportunities ahead,” and that it “is more committed than ever to serving its loyal customers and partners around the world.” RIM’s full press release follows below. More →

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Visa invests in Square iPhone credit card reader

By on April 27, 2011 at 11:46 PM.

Visa invests in Square iPhone credit card reader

Visa has made an undisclosed investment in payments startup Square in exchange for a seat on the firm’s board of, Reuters reports. Square is a portable credit card reader that was created by Twitter co-founder Jack Dorsey. It allows iPhone, iPod touch, or iPad owners to charge for goods and services on-the-go, but came under some scrutiny earlier this year when VeriFone’s CEO slammed the product in a blog post. On April 21st, Apple and Square announced that the Square credit card reader was available online and in Apple Stores nationwide for just $9.95.  More →

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WSJ: three Sprint executives resign from Clearwire board

By on September 30, 2010 at 10:59 PM.

WSJ: three Sprint executives resign from Clearwire board

The Wall Street Journal is reporting that three sprint executives — Dan Hesse, Keith Cowan, and Steven Elfman — have resigned from WiMAX network-operator Clearwire’s board. Sprint informed the WSJ that they would appoint “independent successor directors” within the next few months; Sprint has named its general counsel, Charles Wunsch, as an observer in the meantime. Clearwire writes that the resignations are due to “recent changes in antitrust laws,” but also admit that the move could provide the company with “added flexibility” in pursuing additional funding. Sprint is the majority owner of Clearwire, holding a 54% position. More →

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Google CEO Eric Schmidt resigns from Apple's Board

By on August 3, 2009 at 10:24 AM.

Google CEO Eric Schmidt resigns from Apple's Board

A popular topic of discussion lately in every corner of the Web has been Eric Schmidt’s position on Apple’s Board of Directors and the many possible conflicts it now presents. While opinions have varied, most take the stance that Google’s business has begun to overlap with Apple’s in too many key areas and as such, Schmidt’s role with the company is no longer appropriate. Well, the debate is over. Apparently, Google’s CEO and the Cupertino crew finally came to their senses. Steve “Thanks for Picking Our Brains and then Trying to Eat Our Lunch” Jobs had this to say:

Eric has been an excellent Board member for Apple, investing his valuable time, talent, passion and wisdom to help make Apple successful. Unfortunately, as Google enters more of Apple’s core businesses, with Android and now Chrome OS, Eric’s effectiveness as an Apple Board member will be significantly diminished, since he will have to recuse himself from even larger portions of our meetings due to potential conflicts of interest. Therefore, we have mutually decided that now is the right time for Eric to resign his position on Apple’s Board.

So long Dr. S, you will be missed — unless Chrome OS somehow manages to beat the odds and outreach OS X’s market share at some point down the road. Then we imagine pretty much no one at Apple will miss you.

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