Yahoo CEO Marissa Mayer holds a seat on the Yahoo Board of Directors, along with co-founder David Filo and six others, including Charles Schwab (Chairman of the Charles Schwab Corporation), H. Lee Scott, Jr. (former CEO of Wal-Mart), Jane E. Shaw (former Intel Chairman), Thomas McInerney (former CFO of Barry Diller’s IAC/InterActive Corp) and Sue James, a former partner at accounting giant Ernst & Young. But the Chairman of the Yahoo Board of Directors is a lifelong tech guy who, unlike some of his Silicon Valley counterparts, is not famous outside of tech circles.
Maynard Webb, Jr. is the chairman. The investor, author and eBay veteran joined Yahoo’s board in 2013, becoming first interim chairman and then official chairman that same year. As speculation swirls around Yahoo’s future, the low profile Webb will be a critical part of a very high profile decision. (Millions of users interact with Yahoo every minute.) Business Insider reports that savvy analysts believe Yahoo, which just elected not to spin off its stake in Chinese e-commerce giant Alibaba, will sell itself in 2016. Webb said on a call that the board hadn’t determined to sell the company, also saying he believed the company is undervalued (a bad time to sell it). But shareholders are restless and a sale might be the best recourse to satisfy them. Yahoo turnarounds have been heralded before, yet they never seem to arrive.
[Webb may just give everybody at Yahoo a copy of his book: Rebooting Work: Transform How You Work in the Age of Entrepreneurship]