Archive for August, 2008

Yahoo coverage revisited

When the initial results from Yahoo’s shareholder votes were released last Friday, much of the coverage was positive for CEO Jerry Yang and other board members… “Criticism Is Sparse” read one headline in The Wall Street Journal. 
The article continued:
Shareholders overwhelmingly endorsed the board, with Yahoo Chairman Roy Bostock receiving a 79.5% favorable vote, up from […]

August 6th, 2008 | Posted in Proxy fight, Yahoo | No Comments

Yahoo shareholder vote disputed, altered

Capital Research Global Investors, which owns 7% of Yahoo, publicly questioned on Monday the validity of the announced results from Yahoo’s shareholder vote.  And they were right to be skeptical.
Capital Reseach and the Capital World Investors control a combined 17% of Yahoo’s shares and recommended to its fund managers that they withhold votes for Yahoo CEO Jerry Yang.
However, […]

August 5th, 2008 | Posted in Carl Icahn, Proxy fight, Yahoo | No Comments