3-member panel to review Yahoo CEO credentials, appointment
SUNNYVALE, California - A special committee has been set up by the Board of Directors of Yahoo! Inc. to do a thorough review of CEO Scott Thompson's academic credentials, as well as the facts and circumstances related to the review and disclosure of those credentials leading to his appointment.
The special committee is chaired by Alfred Amoroso, an independent director, who joined the Board in February this year. The other members of the special committee are John Hayes and Thomas McInerney, independent directors who joined the Board in April of this year.
The special committee has retained as its independent counsel Terry Bird of the law firm Bird, Marella, Boxer, Wolpert, Nessim, Drooks and Licenberg in Los Angeles.
A Fellow of the American College of Trial Lawyers and a former federal prosecutor, Bird has also served on the President's Judicial Advisory Committee for the Central District of California.
The Board intends to make the appropriate disclosures to shareholders promptly upon completion of the review, the company stated.
Patti Hart, the Yahoo Inc. board member who chaired the committee that led to the hiring of Chief Executive Scott Thompson, has meanwhile decided to step down, web portal AllThingsD reported Tuesday, citing unnamed sources.
The web portal's statement did not address the report on Hart's departure. Representatives of the company did not immediately respond to questions on the report.
Hart will not seek re-election in the next annual meeting, AllThingsD said.
She had been criticized by shareholder activist Daniel Loeb, chief of the investment group Third Point, for her role in the selection of Thompson.
Third Point is waging a proxy war against the Yahoo board.
Last week, Third Point went public with a claim that Thompson had
misstated his credentials in claiming he had a computer-science degree. Yahoo has called the mistake an error, but Loeb has asked the company to dismiss Thompson.
Comments
More Albuquerque News
RSS-
Get golf ready with training at NMSU
www.PlayGolfAmerica.com/GGR . Public sessions will be from 2 to 3 p.m. every Saturday in June at the NMSU Golf Course, 3000 Herb Wimberly Drive in Las Cruces. The total cost for all five days is $75. Contact NMSU Golf Course PGA Head Golf Professional Jason White ...
-
NMSU Aquatic Center plans short closure
LAS CRUCES - The Aquatic Center will be closed Thursday through Monday for annual staff training, super-chlorination and observance of Memorial Day . Summer hours of operation will begin Tuesday, May ...
-
Body of veteran killed in Kabul returns
ALBUQUERQUE (KRQE) - The body of a U.S. Army veteran from New Mexico is coming home Tuesday following his death in Afghanistan. Robert Halsell of Hatch was among 15 people killed last week after a suicide bombing in Kabul. The 26-year-old veteran was working as a private contractor in Afghanistan when he died. His father is a former mayor of Hatch and was an Albuquerque Police Department ...
-
Parts of the Bosque to be shut down
Given dangerous fire conditions, parts of the Middle Rio Grande Conservancy District will be closed beginning Wednesday and fire restrictions will be ...
-
Fire call empties part of City Hall
ALBUQUERQUE (KRQE) - Fire alarms went on and power went off in the older portion of Albuquerque City Hall Tuesday prompting an evacuation of the building. At 1:30 p.m. the Albuquerque Fire Department reported some type of object fell down a shaft and landed on an electrical conduit. That set off fire alarms and knocked out power to the building, an AFD spokesperson said. There are currently five ...
-
Albuquerque government hiring again
ALBUQUERQUE (KRQE) - The city of Albuquerque will soon be hiring more people after city councilors passed a budget plan for the next fiscal year Monday night. The budget will help hire an extra 40 people working everywhere from City Hall to the BioPark, animal shelters and elsewhere. These jobs haven't been posted yet but could be as soon as Mayor Richard J. Berry signs the budget. The city ...
-
Midday Webcast May 21 2013
ALBUQUERQUE (KRQE) - Elizabeth Alvarez with your afternoon headlines and John Smith with the ...
-
Man sentenced in killing of landlord
TIJERAS, N.M. (KRQE) - The man who shot and killed his landlord was given a 4.5 year sentence Tuesday. Kenneth Therrell, 52, shot and killed Billy Williamson in Tijeras back in 2010. Therrell told investigators the two got into an argument. The landlord shot Therrell once in the arm and he shot the landlord nine times, killing him. He was convicted of aggravated battery and aggravated ...
-
NM Red Cross honors real heroes
ALBUQUERQUE (KRQE) - Some local officers and firefighters are being recognized Tuesday for their spirit of heroism and humanitarianism. New Mexicos American Red Cross held their 2013 Real Heroes Award Breakfast. KRQE News 13s Chief meteorologist Mark Ronchetti was there to help honor the service members. Rio Rancho Officer Antoine Smith received the law enforcement Real Hero Award for stopping ...
-
Crews race to find survivors of Oklahoma twister at least 24 people killed
A teacher hugs a child at Briarwood Elementary school after a tornado destroyed the school in south Oklahoma City, Monday, May 20, 2013. A monstrous tornado roared through the Oklahoma City suburbs, flattening entire neighborhoods with winds up to 200 mph, setting buildings on fire and landing a direct blow on an elementary ...
-
Armed robbery suspects sought in Las Cruces hold-up
LAS CRUCES - Las Cruces Crime Stoppers is offering a reward of up to $1,000 for information that helps identify the three suspects who robbed a couple at gunpoint early Tuesday morning. Las Cruces police learned that shortly after midnight a couple in their early 20s was sitting in a vehicle in the 500 block of East Organ Avenue when they were approached by three Hispanic men. Two of the ...
-
Two Las Cruces acts win New Mexico Music Awards
LAS CRUCES - Two Las Cruces musical acts came away with awards at the 26th annual New Mexico Music Awards. The awards ceremony was held Sunday in Albuquerque.C.W. Ayon won Best Blues Song for "End of My Rope" and The Hard Road Trio - comprised of Steve Smith, Chris Sanders and Anne Luna - won Best Bluegrass/Folk Song for "Family Secrets" and Best Packaging Design for the ...
-
Chelwood Elementary School lockdown lifted
As of 10:45 a.m., The lockdown at Chelwood Elementary School has been lifted without incident. According to APS’s website, the school was originally put into a shelter-in-place at 9:45 Tuesday morning. The lockdown went into effect as of 10:25 a.m. due to police activity in the ...
-
NM Disaster Medical Alert Team deployed to Okla.
New Mexico’s Disaster Medical Alert Team is on its way to Oklahoma to assist in relief efforts following Monday’s tornado. The DMAT, which is based at UNM’s Center for Disaster Medicine in Albuquerque, is sending a 26-member team and will be joining a 46-member team from NM, CO and TX. The DMAT is expected to arrive in Oklahoma Tuesday afternoon. Their exact role ...
-
Firefighters save ducklings from fowl fate
A mother duck with nine of her ducklings were on their way to a pond near Taylor Ranch at Montano and decided to cross the street to get there. Firefighters eventually led the mother across the crosswalk, carrying the ducklings in a ...
-
Help offered to El Dentista victims
SANTA FE (KRQE) - The State Health Department is offering help to victims of "El Dentista," the illegal dentist who police say was working on patients out of his ...
-
Video shows teens vandalizing memorial
The video shows the duo prying stones from the rotunda at Luis Garcia Park in Tijeras earlier this month. It also shows them throwing rocks, busting up bricks and smashing a ...
-
Sunland Park firefighters continue to monitor fire at Texas-New Mexico border
›› Photos: Firefighters battle blaze in El Paso's Upper Valley A brush fire that spread on both sides of the El Paso-Sunland Park border has been extinguished, officials said. Sunland Park firefighters were still at the area of the fire this morning to make sure it did not reignite. "Right now there are just smoldering hot spots," Chief Andres Burciaga said. ...
-
Council passes bill to overhaul POC
ALBUQUERQUE (KRQE) - The Albuquerque city council passed a plan Monday night evaluating the Police Oversight Commission. The POC looks at citizen complaints against Albuquerque police officers. Some critics say it has no teeth, others say there is no oversight over the commission. Mondays bill sets up a seven-member task force to look into the process and make recommendations on how to fix ...
-
Woman seriously injured in NE ABQ crash
ALBUQUERQUE (KRQE) - Police have closed northbound Washington at Cutler after a crash has left a woman in critical condition. The crash occurred at Washington and Prospect a little before 10 a.m. Tuesday. Police say an Explorer SUV and a van wear involved in the crash. They say it appears that the Explorer SUV drove up onto the van. Officials say the woman was found with serious injuries after ...
-
News Headlines NM Style 52113
ALBUQUERQUE(KASA) - KRQE News 13 Anchor Elizabeth Alvarez has the morning news ...
-
Ordinance would boot johns cars
The ordinance would target those arrested on charges of soliciting prostitution, a law the Albuquerque Police Vice Unit unit has been pushing for since last year. A john's car would be booted for 30 days upon arrest. An administrative hearing would then be held to remove it, which could include an $850 fine. It wouldn't stop johns and prostitutes from going to a hotel but it would ...
News from around our Network
Comments
No comments yet for this story
Have your say