Comments on: Large Yahoo Shareholder Wants a Probe of Vote http://www.thedomains.com/2008/08/04/large-yahoo-shareholder-wants-a-probe-of-vote/ Sun, 12 Feb 2012 20:38:46 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: MHB http://www.thedomains.com/2008/08/04/large-yahoo-shareholder-wants-a-probe-of-vote/comment-page-1/#comment-7177 MHB Tue, 05 Aug 2008 22:40:52 +0000 http://www.thedomains.com/?p=850#comment-7177 UPDATE Today Yahoo acknowledged that errors by an independent intermediary in tabulating board-election votes resulted in an understatement of withheld votes, an error that had a dramatic effect on CEO Jerry Yang's total. The errors didn't change the results of the election, but the scale of the withheld votes is a significant blow for Yang, Chairman Roy J. Bostock and Director Ronald Burkle. Corporate elections, where candidate are usually unopposed, tend to produce extremely lopsided victories for incumbents. Yang, whose withheld total more than doubled to 33.7% after the recount, has been under pressure from some shareholders who believe he botched negotiations with suitor Microsoft Corp. (MSFT). Bostock and Burkle also saw their totals climb sharply to 39.6% and 37.9%, respectively, with the recount. UPDATE

Today Yahoo acknowledged that errors by an independent intermediary in tabulating board-election votes resulted in an understatement of withheld votes, an error that had a dramatic effect on CEO Jerry Yang’s total.

The errors didn’t change the results of the election, but the scale of the withheld votes is a significant blow for Yang, Chairman Roy J. Bostock and Director Ronald Burkle. Corporate elections, where candidate are usually unopposed, tend to produce extremely lopsided victories for incumbents.

Yang, whose withheld total more than doubled to 33.7% after the recount, has been under pressure from some shareholders who believe he botched negotiations with suitor Microsoft Corp. (MSFT).

Bostock and Burkle also saw their totals climb sharply to 39.6% and 37.9%, respectively, with the recount.

]]> By: Damir http://www.thedomains.com/2008/08/04/large-yahoo-shareholder-wants-a-probe-of-vote/comment-page-1/#comment-7170 Damir Tue, 05 Aug 2008 07:07:50 +0000 http://www.thedomains.com/?p=850#comment-7170 Great post - there is more to it "behind the scene". Great post – there is more to it “behind the scene”.

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