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Summary Box: Chairman, 3 others out at Yahoo board

In this June 7, 2010 file photo, Vyomesh Joshi, executive vice president of HP's Imaging and Printing Group, introduces a line of HP printers in New York. Yahoo Inc. on Tuesday, Feb. 7, 2012 announced that Chairman Roy Bostock and three longtime board members, including Joshi, are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the Internet company's revenue and stock price. (AP Photo/Mark Lennihan, File)

FILE - In this Nov. 6, 2004 file photo, then Disney director Gary Wilson leaves Chancery Court in Georgetown, Del. Yahoo Inc. on Tuesday, Feb. 7, 2012 announced that Chairman Roy Bostock and three longtime board members, including Wilson, are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the Internet company's revenue and stock price. (AP Photo/Matthew S. Gunby, File)

FILE - In this Jan. 29, 2004 file photo, Roy Bostock, chairman of the Partnership for a Drug Free America, speaks during a news conference in New York. Yahoo Inc. on Tuesday, Feb. 7, 2012 announced taht Bostock, Chairman of Yahoo since 2008, and three longtime board members are stepping down, fulfilling the wishes of many frustrated shareholders who believe the directors have been part of the problem that has dragged down the Internet company's revenue and stock price. (AP Photo/Mary Altaffer, File)

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The Associated Press 6:46 PM Tuesday, February 7, 2012

GONE: Yahoo Chairman Roy Bostock and three longtime board members are stepping down.

THE IMPETUS: Many frustrated shareholders blame them for not fixing the problems dragging down the Internet company's revenue and stock price. The shake-up comes shortly after Yahoo got a new CEO and co-founder Jerry Yang left the board.

CLEAN SLATE: Bostock says bringing in new directors will provide Yahoo with needed expertise and perspective for a turnaround. With the housecleaning, Yahoo will be left with seven directors, all of whom have joined the board since the end of 2009.

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February 07, 2012 11:40 PM EST

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