Stories
Slash Boxes
Comments

SoylentNews is people

Marissa Mayer To Resign From Yahoo Board as Remaining Company Renames Itself Altaba

posted by on Wednesday January 11 2017, @06:36AM   Printer-friendly
from the more-golden-parachutes dept.

Phoenix666 and takyon write:

Despite hiccups, Yahoo's planned sale to Verizon appears to be moving forward — but some portions of the company will be left behind and renamed Altaba Inc.

Yahoo is hanging on to its 15 percent stake in Alibaba and its 35.5 percent stake in Yahoo Japan, and those assets will survive as an investment company under the new name Altaba Inc., as the rest of Yahoo integrates with Verizon. The assets had previously been nicknamed Remain Co.

Only five board members will remain at Altaba: Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith. The rest of Yahoo's board, including CEO Marissa Mayer, will step down from the newly formed company. Mayer may be tapped for a role in Yahoo's integration at Verizon, but her position has yet to be announced.

Also at CNET, Reuters, Bloomberg, and CNN.

Original Submission #1   Original Submission #2

 
This discussion has been archived. No new comments can be posted.
Marissa Mayer To Resign From Yahoo Board as Remaining Company Renames Itself Altaba | Log In/Create an Account | Top | 31 comments | Search Discussion
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.

  • (Score: 2, Insightful) by Anonymous Coward on Wednesday January 11 2017, @07:27AM

    by Anonymous Coward on Wednesday January 11 2017, @07:27AM (#452393)

    She should be fired. Any lower employee who performed as badly as she has would have been kicked out long ago. High schools are failing our kids by trying to teach them things instead of just putting them into corporate leadership roles.

    Which scammer is going to be the first to snatch up yahoo.com when Altaba accidentally leaves it behind?

    Starting Score:    0  points
    Moderation   +2  
       Insightful=1, Informative=1, Total=2
    Extra 'Insightful' Modifier   0  
    Total Score:   2  

  • (Score: 1, Interesting) by Anonymous Coward on Wednesday January 11 2017, @07:44AM

    by Anonymous Coward on Wednesday January 11 2017, @07:44AM (#452398)

    Oh boy! Think of the billions of email accounts to plunder! Oh wait that already happened.

  • (Score: 0) by Anonymous Coward on Wednesday January 11 2017, @02:37PM

    by Anonymous Coward on Wednesday January 11 2017, @02:37PM (#452507)
    I’m pretty sure that Verizon is not going to allow yahoo.com to lapse.