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InternetTime Warner says ex-AOL CEO can't join Yahoo board (Reuters)

Sat, 02 Aug 2008, www.yahoo.com

Reuters - Time Warner Inc said on Friday a non-compete clause in former AOL Chief Executive Jonathan Miller's contract prevents him from joining Yahoo Inc's board until March 2009.

NEW YORK (Reuters) - Time Warner Inc said on Friday a non-compete clause in former AOL Chief Executive Jonathan Miller's contract prevents him from joining Yahoo Inc's board until March 2009. Yahoo named Miller as a potential board member on July 21, as part of a settlement with activist investor Carl Icahn that averted what had promised to be a bitter proxy battle. A source familiar with the matter said Miller had believed that Time Warner would not oppose him joining Yahoo because top executives at the media company had "greenlit" it, until he was told otherwise on Thursday night. A Time Warner spokesman said the clause had never been waived... [ Read more on www.yahoo.com ]


Other news fromInternet:

InternetYahoo board emerges unscathed from annual meeting (AP)

Sat, 02 Aug 2008, www.yahoo.com

AP - Yahoo Inc.'s board emerged largely unscathed from the Internet company's annual meeting Friday as a subdued crowd of shareholders raised few questions about the directors' rejection of Microsoft Corp.'s $47.5 billion takeover bid.

InternetInsider Data Thieves Are the Worst

Sat, 02 Aug 2008, www.internetnews.com

When good employees go bad and steal other employees' data, they usually try to buy cell phones.