subscribe: Daily Newsletter

 

Yahoo shareholders meeting a damp squib

0 comments

Yahoo's shareholders' meeting on Friday was a bit of an anti-climax for many, with the recent compromise of three board seats for investor Carl Icahn and his supporters having defused the tension that would otherwise have characterised the meeting.

The existing board emerged largely unscathed, with just two members were opposed. And 85% of shareholders voted to keep chief executive Jerry Yang.
Detractors argue that many shareholders had already expressed their opinion of the recent on-again off-again negotiations with Microsoft by selling their shares, with the price falling by 31% since Microsoft talks ended.
Icahn will join the Yahoo board next week, with two of his supporters expected to take their seats the week after.