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Yahoo Chairman Roy Bostock May Lose Own Job After Firing Bartz
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Yahoo! Inc. Chairman Roy Bostock, who ousted Chief Executive Officer Carol Bartz this week, now risks losing his own job.
Third Point LLC, a New York investment firm that has accumulated a 5.2 percent stake in Yahoo, urged Bostock and his fellow directors to resign yesterday, citing their responsibility for the company’s poor performance. The letter added to a drumbeat of investor criticism leveled at the board for spurning Microsoft Corp.’s takeover bid in 2008 and failing to pick leaders who could restore the fortunes of a company that helped pioneer the World Wide Web.