Yahoo Board Member Leaves; First Sign Of Disintegration?

by admin May 23, 2008 at 5:03 pm

Edward Kozel, a long-standing member (eight years) of Yahoo’s board of directors, has left the board. Official reason? He wants to “spend more time with his family,” and he would have left sooner, but he had “decided to stay on the Board of Directors following the Company’s receipt of an unsolicited proposal from Microsoft.” As noted by CNET and others, Kozel hasn’t stepped out from various other boards he’s also member of, which makes this move a bit suspicious.

Regardless of whether the reasons cited are true or not, Yahoo’s board is now reduced from 10 to 9 members, and the annual shareholders meeting has been delayed.

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