Wednesday 21 February 2018

The Punt: More changes on Yahoo board

Marissa Mayer, chief executive officer of Yahoo
Marissa Mayer, chief executive officer of Yahoo

THERE's a shake-up taking place on the board of Yahoo, with the tech company proposing three new directors as chief executive Marissa Mayer continues to revamp the web portal.

Yahoo said it would nominate co-founder David Filo, corporation chairman Charles Schwab and former Wal-Mart chief Lee Scott to its board.

Adding the three, who will be voted on at the AGM on June 25, would bring the number of directors to eight.

Yahoo's board has undergone numerous changes since Mayer became chief in mid-2012.

Investor Dan Loeb, of Third Point, who helped bring Mayer to the company, stepped down from the board last year.

It's a tough job for Mayer. But it appears she's worth it, or at least her pay packet suggests she is. But she has taken a hit.

The chief executive took home $24.9m in 2013, down 32pc from $36.6m a year earlier. It's tough all the same.

Shop local, vote Gilmore

TANAISTE Eamon Gilmore will be talking loyalty next week as he hopes for a bit of support for his party in the upcoming local and European elections.

The Foreign Affairs Minister will be in Dalkey for the launch of Smartnet town, a new initiative that allows shopowners in a town to come together under a single brand to encourage local consumers to remain loyal to their locality.

Dalkey is the first Smartnet town in Ireland.

Mr Gilmore will no doubt be hoping that the local businesses will remember his efforts and show him a bit of loyalty when they take to the polling booths next month.

Bit of a stunt for politician

POLITICIANS, and budding ones, will do just about anything to get publicity.

The Green Party's Ossian Smyth is declaring himself to be the first politician on the island to accept bitcoin donations.

He tweeted it, and then he spoke with online technology news website 'Silicon Republic' just to give it a bit of welly.

Mr Smyth told Siliconrepublic.com that while bitcoin has been associated in the press with corruption and money laundering, he believes the transparency of bitcoin should also be appealing in terms of bringing transparency to politics, in terms of donations.

To donate with bitcoin, you have to do it in equivalent amounts over €100, and you then have to email Mr Smyth to allow him to declare it. All publicity is good publicity when it comes to politics.

Irish Independent

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