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Ziibos (12)
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On Aug 5, Yahoo's largest shareholder, Capital Research Global Investors, is calling for a recount of last week's vote reelecting CEO Jerry Yang to the board. Capital, which holds 6.2% of Yahoo's shares, believed other shareholders would follow suit. So fund employees were surprised when less than 15% of shareholders did not vote for Yang, resulting in 85.4% approving his reelection.
Just demanding a recount sends a clear signal to Microsoft that, despite the reelection of Yahoo's board, shareholders still don't approve of Yang's dealings with Microsoft. The CEO position of Yang is very shaky in regardless of the recount. What do you think his future? Also try Yahoo's stock prediction on ZiiTrend: http://www.ziitrend.com/p.... It looks quite fun to me.
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