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Reuters - Yahoo Inc on Tuesday released a recount of the vote for its board that revealed a strong protest vote against five of nine directors, including Chief Executive Jerry Yang.
Recounts of votes cast at web portal Yahoo Inc.'s shareholders meeting show that more than a third of the votes cast were against CEO Jerry Yang and Chairman Roy Bostock. (YHOO) (MSFT)
More than a third of Yahoo's shareholders signaled their opposition to Jerry Yang's re-election to the board of directors, the company said Tuesday. More Microsoft-Yahoo
Yahoo's board of directors won strong backing from shareholders at its annual meeting on Friday, with Jerry Yang, the company's embattled chief executive, receiving 85 percent of the vote in his favor.
Turns out the vote that overwhelmingly returned Yahoo’s board to office last Friday by a surprise three-to-one margin was seriously miscounted. The official tabulation claimed that CEO Jerry Yang got 85.4% of the vote (14.6% withheld) and Yahoo chairman Roy Bostock got 79.5% (20.5% withheld). By that count the pair that ran off Microsoft and its billions fared better than last year. read more
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.
Yahoo Inc on Tuesday released a recount of the vote for its board that revealed a strong protest vote against five of nine directors, including Chief Executive Jerry Yang.
A revised count of last Friday's Yahoo shareholder vote reveal significantly greater disdain for CEO Jerry Yang and chairman Roy Bostock. The changes show that 200 million votes opposing Yang Bostock and another director, Ron Burkle, were improperly registered as supportive at the company's annual meeting last week. They are still re-elected, however.
Despite beating back challenges from Microsoft and Carl Icahn, Yahoo chief executive Jerry Yang still faces criticism from shareholders over the company's falling stock price.
Bill Miller, the powerful Legg Mason fund manager who at last count controled 5.4 percent of all Yahoo shares, just became a little less powerful. He's lost a client, Massachusett's $50.6 billion... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Now that the fight with Carl Icahn is over and the missing shareholder votes have been counted , the folks at Yahoo finally have something to dance about — if only the fact that they all still have jobs.
With the stock down, many shareholders are questioning whether Jerry Yang is the right man to lead Yahoo.
Yahoo said revised vote tallies showed 33.7 percent of recent board votes were withheld for Yang, the company's co-founder, or more than twice the opposition to his reappointment to the board as in the first count.
A new tally of its board of directors? election shows that five Yahoo directors, including the chief executive, Jerry Yang, were re-elected with much higher protest votes than initially released.
The recount is in at Yahoo (NSDQ: YHOO) and the decline in support for key figures was not trivial at all. The percentage of shares withheld for Roy Boystock basically doubled to 39.6 percent from 20.5 percent. Votes withheld for Yang grew to 33.7 from 14.6 percent. Does it change the actual outcome? No. But the difference is still pretty significant. The prior numbers would have represented a ...
The shareholder approval ratings for Yahoo Chief Executive Jerry Yang and Roy Bostock plunged Tuesday after Yahoo released new results that corrected a vote transmission error.
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