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Yahoo! board remains unscathed

after shareholder meeting

     
3:51 am on Aug 2, 2008 (gmt 0)

WebmasterWorld Senior Member jdmorgan is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Yahoo Inc's board of directors won strong backing from shareholders at its annual meeting on Friday, with Jerry Yang, the company's embattled CEO, receiving 85 percent of the vote in his favor.

[news.yahoo.com...]

11:18 am on Aug 4, 2008 (gmt 0)

5+ Year Member



Well done to them.
2:08 pm on Aug 4, 2008 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Very good news.
2:47 pm on Aug 4, 2008 (gmt 0)

10+ Year Member



YAY!
9:49 am on Aug 5, 2008 (gmt 0)

WebmasterWorld Senior Member sem4u is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Well with the current board Yahoo are going nowhere. They should have sold out to Microsoft when they had the chance.

Tor

1:35 pm on Aug 6, 2008 (gmt 0)

WebmasterWorld Senior Member 10+ Year Member



Excellent news. This is just what I hoped for. :)
3:37 pm on Aug 6, 2008 (gmt 0)

WebmasterWorld Administrator travelin_cat is a WebmasterWorld Top Contributor of All Time 10+ Year Member



Not so fast everybody:

Recount shows big protest vote against Yahoo CEO.

From CNNMoney.com [techland.blogs.fortune.cnn.com]:

On Tuesday, Yahoo said it learned that Broadridge Financial Services, a proxy accounting firm that handles submitting votes for major shareholders, forgot to include millions of votes in its tally. Five of Yahoo’s nine incumbents received a much lower margin of approval after votes from Yahoo’s largest institutional shareholders, Capital World Investors and Capital Research Global Investors, were belatedly added.

Capital Group on Monday had asked Broadridge re-examine the votes. Broadridge subsequently found it had failed to include 200 million votes from the Capital Group that were withheld for Roy Bostock, Ron Burkle and Yahoo CEO Jerry Yang, and 100 million votes withheld for Arthur Kern and Gary Wilson. Instead of an 85.4% shareholder approval, Yang actually received 66% of votes, and Yahoo chairman Bostock had 60% as opposed to 79.5% that was originally reported Friday. Yahoo’s nine directors were running uncontested.

 

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