Yahoo Exec Accused of Faulty Testimony
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WASHINGTON -- A Yahoo Inc. executive was accused Tuesday of giving false testimony to Congress last year regarding the company's role in the arrest of a Chinese journalist.
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During courtroom testimony, a director for the database giant offers insight into the future of the takeover bid.
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Hewlett-Packard Co.'s CEO, Mark Hurd, followed the company's former board chairman on the hot seat when he testified before a contentious House subcommittee looking into the boardroom leak scandal.
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SANTA CLARA, California  - A strong minority of Yahoo Inc.  shareholders challenged the Web company's direction on Tuesday by voting against board-nominated directors at the annual meeting, and investors confronted Chief Executive Terry Semel.
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WILMINGTON, Delaware A director of PeopleSoft said that Craig Conway, the company&#39;s chief executive, was fired on Friday in part because he made false statements at an analysts&#39; conference in September 2003.
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Former PeopleSoft Inc. Chief Executive Craig Conway testified that he lied when he told investors last year that Oracle Corp.&#39;s $7.
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Congressman moved by ignorance Hailed as a savvy business executive, former HP Chairman Patricia Dunn has come off as not terribly bright, during testimony today in front of a congressional subcommittee. That is at least if you take Dunn at her word â given under oath.â¦
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A rumor brought to light this morning by notorious financial insider and blogger Henry Blodget may this time be true, as Yahoo's response appears to warn of bad news ahead in its next restructuring move.
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A man fired by IBM for visiting adult chat rooms on work time files suit, setting up a case that could determine how the internet is handled in the work place. By the Associated Press.
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Blog: Eric Jackson, the man who asked Yahoo CEO Terry Semel if he had a "fire in the belly" for his job, is preparing to launch a new Internet-based campaign against another under-performing company.
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On the eve of Microsoft's $44 billion bid for Yahoo, former Yahoo CEO Terry Semel announced his resignation from the Yahoo board of directors. Semel presided over a multiyear decline in Yahoo's market share, while collecting nearly half a billion dollars in compensation.
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Microsoft CEO Steve Ballmer rebuffed&#160;Google&#39;s accusations&#160;that an acquisition of Yahoo would be anticompetitive.The bid was made public Friday, prompting the response from Google over the weekend. Ballmer Monday at a news conference ceded ground to Microsoft&#39;s arch rival in order to justify his company&#39;s&#160;$44.6 billion cash-and-stock offer for Yahoo,&#160;which if accepted would fall under the scrutiny of U.S. and European regulators.&quot;Google&#39;s clearly got a dominant position,&quot; Ballmer said. &quot;They have about 75 percent of paid search worldwide. We think this enhances competition and anything else would be less good.&quot;A Google executive struck back at Microsoft on Sunday, charging that a combined Microsoft and Yahoo would control an overwhelming share of e-mail and instant-messaging accounts as well as portal traffic.David Drummond, senior vice president of corporate development and chief legal officer at Google, further suggested that if Microsoft buys Yahoo it might try to unfairly use its dominance in those areas, just as it did in the PC market.Monday&#39;s news conference, in which Ballmer spoke with Chief Financial Officer Chris Liddell, appeared to put further pressure on Yahoo&#39;s board to accept the offer, which at $31 a share represents a 62 percent premium over Yahoo&#39;s closing price last Thursday.&quot;We think it&#39;s an extremely competitive offer,&quot; Liddell said.In a Monday filing with the U.S. Securities and Exchange Commission, Yahoo disclosed an e-mail sent on Friday by CEO Jerry Yang and Roy Bostock, non-executive chairman of Yahoo&#39;s board. &quot;First, we want to emphasize that absolutely no decisions have been made and, despite what some people have tried to suggest, there&#39;s certainly no integration process under way,&quot; the e-mail read.Ballmer continued with a hard push as to how a deal with Yahoo will let Microsoft move faster in building out areas such as search, online services and online advertising.&quot;We are going to have to innovate like crazy,&quot; Ballmer said.But he also stressed how long it could take for a Yahoo deal to eventually benefit shareholders. Ballmer said he looks at whether investments will pay off five to 10 years down the line, but investors often want to see results in three years.&quot;Sometimes those investments look smart, sometimes it takes a while for them to pay off,&quot; Ballmer said.
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In Yahoo's third-quarter performance call yesterday, investors and analysts heard for the first time the lower-key, back-to-basics approach of co-founder and re-installed CEO Jerry Yang, and newly elevated president Susan Decker. There's evidence their strategy is already working, but the next move involves a carefully calculated approach to attracting customers that goes against the current trend.
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Frightened by angry stockholders Yahoo! CEO Terry Semel has resigned in the face of ongoing criticism from stock holders. He will be replaced by Yahoo! co-founder Jerry Yang, with former CFO Susan Decker taking over as president of the company.â¦
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The former chief executive of Brocade Communications Systems Inc. vouched for his co-defendant in a closely watched stock options backdating case, asserting in documents unsealed Wednesday that she didn't know she was executing improper transactions.
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BIRMINGHAM, Ala.  - Former HealthSouth Corp. Chief  Executive Richard Scrushy scoffed at a U.S. Securities and  Exchange Commission investigation in recordings played in court  on Wednesday during his fraud trial.
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(InfoWorld) - In an advance copy of his Congressional testimony released by a House Subcommittee on Wednesday, Hewlett-Packard chief executive officer (CEO) Mark Hurd blamed the scandal that has besieged his company on "a rogue investigation" that got out of hand. "How did such an abuse of privacy occur in a company renowned for its privacy? The end came to justify the means," Hurd wrote. "The investigation team became so focused on finding the source of the leaks that they lost sight of the privacy of reporters and others. They lost sight of the values HP has always represented." Former HP Chairman Patricia Dunn , forced to resign Sept. 21 because ofÂ the scandal,Â defended in her testimony her decision to investigate the leaks of confidential board discussions to the news media. Both are among several witnesses expected at a hearing before the Oversight and Investigations Subcommittee of the House Energy and Commerce Committee on Thursday in Washington. The committee is looking into the practice of "pretexting," or using false pretenses to gain access to confidential records. Investigators hired by HP to find the source of leaks engaged in pretexting to get hold of the phone records of directors, HP employees and reporters who cover the Palo Alto, California, technology company. Although much of the criticism of the scandal surrounds the tactics used by the investigators, Dunn wrote in her testimony that equal consideration should be given to the leaks from within the company that damaged HP. HP's board was notorious for its leaks to news media and that such disclosures made it difficult for the board to deal with important issues candidly, she wrote. "I wish fervently that none of this had ever happened," Dunn wrote in her testimony. "But boards have an unquestionable obligation to take steps to prevent [leaks]. That certain steps taken during the investigation went well beyond what was appropriate does not undermine the importance of the board's mission in this matter."ADVERTISEMENTMAKE SOA REAL WITH IBM WEBSPHERE PODCASTStreamline processes and maximize efficiency within a proven service oriented architecture. Take back control of your business processes with IBM WebSphere.