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Yahoo publicly acknowledged the Broadridge tabulation error yesterday for votes cast for the August 1, 2008 annual Board of Directors meeting. The recount was requested by the major Yahoo stockholder Capital Research Global Investors with 6.2% of the company’s shares, when the company noticed the total number of “withheld” votes appeared too low. Broadridge Financial [...]
After months of enduring the Microsoft Corporation takeover attempts and corporate activist, Carl Icahn’s proxy battle threats, Yahoo shareholders voted in favor of the current board members on Friday. Each board member received in excess of 75 percent of the shareholder ballots equating to a resounding “yes” vote in favor of existing board. The meeting [...]
Yahoo announced today that the company has reached a truce with billionaire corporate activist investor, Carl Icahn, with a settlement agreement. This strategic move settles the pending proxy battle led by Mr. Icahn a mere eleven days before the Internet pioneer’s 2008 stockholder meeting on August 1. The terms of the agreement include: 8 Yahoo! [...]
Sparing words flying, the YIM Chronicles intensified yesterday with the Internet pioneer, Yahoo! Inc., billionaire corporate activist, Carl Icahn, and the world’s largest software company, Microsoft Corp. Each waged a battle of words to set the record straight in last weekend’s case of Yahoo’s rejection of the proposed company breakup and who ultimately has the [...]
Yahoo! Inc. filed its definitive proxy statement on Monday, June 9, and included a targeted letter from Chairman Roy Bostock and CEO, Jerry Yang, to Yahoo! stockholders urging them to reject Carl Icahn’s slate of dissident board members. The annual stockholder meeting is scheduled for August 1, 2008. The letter opens with depicting the upcoming [...]
Yahoo! Inc.’s Chairman of the Board, Roy Bostock, responded publicly to billionaire activist, Carl Ichan’s heated letter of June 4, 2008. Bostock stated, “Your letter seriously misrepresents and manipulates the facts regarding the recent events pertaining to Microsoft and Yahoo!.” Ichan is leading a Yahoo shareholder proxy fight and is aiming to remove Yahoo! CEO, [...]
Billionaire activist, Carl Icahn, increased pressure on Yahoo, Inc. on June 3, 2008 declaring that if he succeeds at replacing the Internet icon’s board of directors, he will remove Yahoo CEO, Jerry Yang according to the New York Times. Court documents were unsealed on Monday as a result of a lawsuit against Yahoo and its [...]
Yahoo, Inc. CEO, Jerry Yang, revealed in an interview on Wednesday at The Wall Street Journal’s “D: All Things Digital” conference in Carlsbad, California that, “The perception of us being a company under siege is just not accurate.” (AP) The Wall Street Journal writer and editor, Walt Mossberg, facilitated the discussion with the Yahoo CEO [...]
Google executives met in Britain on Monday to discuss the recent news about Microsoft’s May 18 alleged proposition to buy Yahoo’s search business and not the entire company as a whole. The proposed new deal would also give the Redmond, Washington software giant a minority investment in the rest of the company. Eric Schmidt, Google [...]
Yahoo, Inc.’s co-founder and chief executive officer, Jerry Yang, indicated that he is still open to discussions with Microsoft Corporation on Monday. The news surfaced in the aftermath of last weekend’s bid withdrawal from Steve Ballmer, Microsoft CEO, the subsequent plummeting of Yahoo stock to $24.37 or by 15% and investors’ critical disappointment. The game [...]
