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Yahoo is starting its first full week with an updated board of directors and a fresh outlook for the future. Former Viacom CEO Frank Biondi Jr. and former Nextel CEO John Chapple — both recommended by outspoken shareholder-turned-board-member Carl Icahn — were officially appointed to leadership roles Thursday. Now, the company will try to find the path away from public battles and into success. Icahn, for his part, has yet to reveal a formal plan to turn the company around. He initially promised a “quick sale” to Microsoft, but that notion is looking less and less likely.

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Chapter 2 in Yahoo’s Summer of Drama

Sure, the kids looked sharp presenting their business plans to the jury of Silicon Valley investors. And yes, the investors looked impressed sitting in the conference room at Microsoft’s Silicon Valley campus. But me? All I could think was: It’s summer. Shouldn’t these middle-schoolers be out bouncing a ball? Or counting the clouds? Or rowing a boat across a lake? I know. It’s that kind of thinking that means I’ll be working for one of these kids someday — and maybe soon. See, they’re not much younger than Mark Zuckerberg was when he started Facebook.

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What I Did Last Summer: CEO Camp

By now, Yahoo CEO Jerry Yang must be feeling as though he simply cannot catch a break. He has weathered a succession of setbacks over the past few months, since Microsoft launched its unsuccessful bid to acquire the portal. Now it turns out that he doesn’t have as much shareholder support as he thought. A tabulation error by an outside company resulted in overreporting of pro-Yang votes after a board election on Aug. 1, Yahoo reported Tuesday. One of Yahoo’s largest institutional shareholders — Capital Research Global Investors — triggered the recount.

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Yahoo Recount Dulls Yang’s Halo

Wireless technology giant Motorola has landed a top Qualcomm executive to run its mobile devices unit, which is expected to be spun out in the second half of 2009. Sanjay Jha, former chief operating officer at San Diego-based Qualcomm, is now co-CEO of Motorola and CEO of the Schaumburg, Ill.-based company’s mobiles device unit. Jha, a wireless industry veteran, comes to Motorola at a time when the company is losing market share to competitors such as Samsung; Research In Motion, maker of the BlackBerry; and Apple, which makes the iPhone.

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Motorola Snags Power Hitter to Helm Ailing Handset Unit

Markets responded favorably to Tuesday’s news that the chairman and CEO of Paris-based Alcatel-Lucent would be leaving the merger-troubled company. The telecommunication company’s stock was up nearly 6 percent by market close following the announcement that CEO Serge Tchuruk and CEO Pat Russo will both leave later this year. The company also announced second quarter revenue in line with analyst estimates. The departures are good news for the company, which has not posted favorable financial results since its 2006 merger, said R.W. Baird analyst Ken Muth.

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Alcatel-Lucent Boots Top Brass