Will Cisco Systems Keep Jerry Yang On Its Board of Directors?

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By Douglas A. McIntyre Published
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Stock Tickers: CSCO, YHOO, ADSK, NSM, WFC, BE

Good news at Yahoo! (YHOO-NASDAQ)…Jerry Yang, co-founder of Yahoo! is returning to take the CEO helm.  But this does bring up an interesting issue.  Cisco Systems (CSCO-NASDAQ) has Jerry Yang on its own Board of Directors and it is unknown if Cisco would want him on the board if he is going to stay on the board or if they would want him off.  In theory, this ‘could’ give Yang too much of an inside track on the day to day operations.  In truth, they probably want to keep him and it really probably boils down to if Yang thinks keeping his obligations to a board of directors with the likes of a Cisco is too much of a distraction for him in his new CEO role.

The board of directors does have other high-flyers and does have other current CEO’s.  So they probably wouldn’t say "you need to leave."  Yang was still on the board of Yahoo! but taking over as CEO is a new issue to consider. Here are some of the the other top dogs on the board of Cisco that serve actively at other public companies:

Carol Bartz, Executive Chairman, Autodesk, Inc. (ADSK-NASDAQ);
Brian L. Halla; Chairman & CEO, National Semiconductor Corp. (NSM-NYSE);
Richard Kovacevich; Chairman & CEO, Wells Fargo & Co. (WFC-NYSE);
Roderick C. McGeary, Chairman of the Board, BearingPoint, Inc. (BE-NYSE)

Jon C. Ogg
June 18, 2007

Jon Ogg can be reached at [email protected]; he does not own securities in the companies he covers.

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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