The i-Technology Media!
Register | Log in
   
 
.NET  ·  AJAX  ·  CLOUD  ·  ECLIPSE  ·  FLEX  ·  OPEN WEB  ·  iPHONE  ·  JAVA  ·  LINUX  ·  OPEN SOURCE  ·  ORACLE  ·  PBDJ  ·  SEARCH  ·  SILVERLIGHT  ·  SOA  ·  VIRTUALIZATION  ·  WEB 2.0  ·  WIRELESS  ·  XML
YOUR FEEDBACK
Why I Like Google Chrome
Werner Keil wrote: Java 6 update 10. If I'd be running Apple, I'd probably really drop dead...
Sep. 5, 2008 09:36 AM
AJAXWorld RIA Conference
$300 Savings Expire September 12th. Register Today and SAVE!
Did you read today's front page stories & breaking news?
Live Google News by SYS-CON!

TOP THREE LINKS YOU MUST CLICK ON


Search News Desk
Yahoo Stockholders Don’t Like Jerry Yang THAT Much
Capital Research Global Investors Crawford asked for a recount on Monday and – guess what! – the official tally was way wrong

By: Maureen O'Gara
Aug. 6, 2008 09:15 AM

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.

The numbers didn't add up to major stockholder Capital Research Global Investors, the Capital Research fund that owns 6.5% of Yahoo whose manager Gordon Crawford has been outspoken critic of the way Yahoo handled Microsoft.

It would have meant that only Capital Research Global Investors and its sister fund Capital World Investors, which controls 9.8% of Yahoo, voted against Yang and Bostock and under the circumstances that was plain unbelievable.

So Crawford asked for a recount on Monday and - guess what! - the official tally was way wrong.

Oh, the board's still in but Yang only got 66% of the votes, not a kissy-kissy 85.45, and Bostock only got 60%, down from 79.5% - not quite the bravura endorsement it seemed.

Broadridge Financial Solutions, the third-party responsible for the count, muttered something about a printout cutting off the first digit of the number of shares withheld, according to the Wall Street Journal. A "truncation error," they said.

Published Aug. 6, 2008— Reads 423
Copyright © 2008 SYS-CON Media. All Rights Reserved.
Related Stories
▪ Microsoft-Yahoo - Yahoo Dodges the Takeover Bullet As Microsoft Calls Off Bid
▪ Great Yahoo Proxy Fight Ends with a Whimper
▪ Microsoft Will End Up Buying Yahoo Anyway
▪ The Media Color Yang Out
About Maureen O'Gara
Maureen O'Gara is the Virtualization News Desk editor of SYS-CON Media. She is the publisher of famous "Billygrams" and the editor-in-chief of "Client/Server News" for more than a decade. One of the most respected technology reporters in the business, Maureen can be reached by email at maureen(at)sys-con.com or paperboy(at)g2news.com, and by phone at 516 759-7025.

Add Your Feedback

In order to post a comment you need to be registered and logged in.

Register | Log in

Please wait while we process your request...





SUBSCRIBE TO THE WORLD'S MOST POWERFUL NEWSLETTERS
SUBSCRIBE TO OUR RSS FEEDS & GET YOUR SYS-CON NEWS LIVE!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021


SYS-CON FEATURED WHITEPAPERS

ADS BY GOOGLE

ADVERTISE   |   MAGAZINE SUBSCRIPTIONS   |   FREE BREAKING-NEWSLETTERS!   |   SYS-CON.TV   |   BLOG-N-PLAY!   |   WEBCAST   |   EDUCATION   |   RESEARCH

.NET Developer's Journal - .NETDJ   |   ColdFusion Developer's Journal - CFDJ   |   Eclipse Developer's Journal - EDJ   |   Enterprise Open Source Magazine - EOS
Open Web Developer's Journal - OPENWEB   |   iPhone Developer's Journal - iPHONE   |   Virtualization - Virtualization   |   Java Developer's Journal - JDJ   |   Linux.SYS-CON.com
PowerBuilder Developer's Journal - PBDJ   |   SEO / SEM Journal - SJ   |   SOAWorld Magazine - SOAWM   |   IT Solutions Guide - ITSG   |   Symbian Developer's Journal - SDJ
WebLogic Developer's Journal - WLDJ   |   WebSphere Journal - WJ   |   Wireless Business & Technology - WBT   |   XML-Journal - XMLJ   |   Internet Video - iTV
Flex Developer's Journal - Flex   |   AJAXWorld Magazine - AWM   |   Silverlight Developer's Journal - SLDJ   |   PHP.SYS-CON.com   |   Web 2.0 Journal - WEB2
Apache   |   CMS   |   CRM   |   HP   |   Oracle Journal   |   Perl   |   Python   |   Red Hat   |   Ruby on Rails   |   SAP   |   SaaS

SYS-CON MEDIA:   ABOUT US   |   CONTACT US   |   COMPANY NEWS   |   CAREERS   |   SITE MAP
SYS-CON EVENTS:   |  AJAXWorld Conference & Expo  |  iPhone Developer Summit  |  OpenWeb Developer Summit  |  SOA World Conference & Expo  |  Virtualization Conference & Expo
INTERNATIONAL SITES:   India  |  U.K.  |  Canada  |  Germany  |  France  |  Australia  |  Italy  |  Spain  |  Netherlands  |  Brazil  |  Belgium
 Terms of Use & Our Privacy Statement     About Newsfeeds / Video Feeds
Copyright ©1994-2008 SYS-CON Publications, Inc. All Rights Reserved. All marks are trademarks of SYS-CON Media.
Reproduction in whole or in part in any form or medium without express written permission of SYS-CON Publications, Inc. is prohibited.
 
close this window