Yahoo shakes up board to appease angry investors

Filed under: AM Roundup |

Yahoo chairman Roy Bostock will step down and two other members of the board of directors will join him, said the Los Angeles Times.

Two new directors have already been appointed. The shake up is an attempt to appease angry investors who are upset over the company’s flagging fortunes.

Yahoo was once a giant on the Web, but has lost ground to Google and Facebook in terms of page views and ad dollars.

Read more at the L.A. Times.