Kara Swisher

Recent Posts by Kara Swisher

Yahoo Loses Board Member: Wilderotter to Resign


Maggie Wilderotter, a Yahoo director who was once under consideration to be its CEO, has told the company she intends to resign from the board at the end of the year.

She has served on the Yahoo (YHOO) board since mid-2007, during its most tumultuous period ever.

Wilderotter (pictured here)–whom BoomTown just had a lovely chat with at a conference–is CEO of Frontier Communications (FTR), a large telecom services company.

She is also a former Microsoft (MSFT) exec, has been president and CEO of Wink Communications and has held a number of jobs at AT&T (T).

Said Yahoo in a filing with the Securities and Exchange Commission:

“On September 23, 2009, Mrs. Maggie Wilderotter notified Yahoo! Inc. (the “Company”) that she intends to resign from the Company’s Board of Directors on December 31, 2009. Mrs. Wilderotter is resigning to focus more on other responsibilities and not due to any disagreement with the Company on any matter related to the Company’s operations, policies or practices.”

Hmm, interesting that they had to underscore that!

(Also, I could think of a lot less worthy Yahoo board members than the talented Wilderotter who should be going.)

Wilderotter’s departure means Yahoo will only have one women on the board of the Silicon Valley Internet giant–CEO Carol Bartz.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work