An anonymous reader quotes a report from Reuters: Activist hedge fund Starboard Value LP moved on Thursday to overthrow the entire board of Yahoo Inc, including Chief Executive Marissa Mayer, who has struggled to turn around the company in her nearly four years at the helm. Starboard, which has been pushing for changes at Yahoo since 2014 and owns about 1.7 percent of the company, said it would nominate nine candidates for the board. The proxy fight comes as Yahoo is pressing ahead with an auction of its core Internet business, which includes search, mail and news sites. Yahoo and Starboard could still come to an agreement before the company’s annual meeting, expected to be in late June. If they cannot avoid a proxy fight and the Yahoo board election is taken to a shareholder vote, attention will swing to the large mutual and index funds that own the stock and will carry heavy weight in the final tally. Yahoo and Starboard representatives met on March 10 to discuss ways the two sides could avoid a proxy fight, according to people familiar with the matter. But those talks broke down, in part because Starboard was upset by Yahoo’s announcement that same day that it appointed two new board directors, these people say. Read more of this story at Slashdot.
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Starboard Launches Proxy Fight To Remove Entire Yahoo Board
dcblogs writes: About 300 Hertz IT employees, most located in Oklahoma City, are being impacted [by] a decision to expand its outsourcing to IBM. About 75 will be hired by IBM and those workers [are expected] to receive offers this week while others are facing layoffs. The news was a shock for IT employees. There was “anger, resentment, ” especially by employees who “sacrificed that work/life balance to keep things going here, ” said one employee. Hertz took precautions. On the day that IT employees learned that their work was shifting to IBM, employees noticed Oklahoma sheriff patrol vehicles in the building’s parking lot. They believed plainclothes officers were inside the building. “We consider the safety and security of our people whenever there are circumstances or events that could increase the risk of a disturbance or some form of workplace violence, ” said Bill Masterson, a Hertz spokesman. “Knowing that this was a difficult announcement, we had additional security on hand, ” said Masterson. “Going forward, Hertz IT resources will be focused on development of future products and services for customers, ” he said. The majority of services will be cloud-based. According to the Computerworld article, along with severance pay, benefits also include three months of outplacement assistance. IT employees can receive up to $4, 000 toward retraining or skill certification, said Masterson. IBM India Private Limited, a IBM subsidiary, has filed paper for H-1B visa workers for Hertz Technology offices. Read more of this story at Slashdot. 
Chinese Internet Service Providers (ISPs) have been caught red-handed for injecting advertisements as well as malware through their network traffic. Three Israeli researchers uncovered that the major Chinese-based ISPs named China Telecom and China Unicom, two of Asia’s largest network operators, have been engaged in an illegal practice of content injection in network traffic. Chinese ISPs had set up many proxy servers to pollute the client’s network traffic not only with insignificant advertisements but also malware links, in some cases, inside the websites they visit. If an Internet user tries to access a domain that resides under these Chinese ISPs, the forged packet redirects the user’s browser to parse the rogue network routes. As a result, the client’s legitimate traffic will be redirected to malicious sites/ads, benefiting the ISPs. Read more of this story at Slashdot.