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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 [...]
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 [...]
Carl Icahn, the billionaire shareholder coup leader sparred back at Yahoo! Inc.’s chairman, Roy Bostock, on June 6, 2008 in the heated duel of publicized letters. His razor-sharp words jabbed, “It is you who ‘misrepresents and misstates the details’ of the plan. Icahn outlined a five step perspective on his plan of action if he [...]
Yahoo’s Chairman of the Board, Roy Bostock, responded to billionaire corporate raider, Carl Icahn’s threat of the proposed dissident slate of directors in a published letter Thursday. Bostock stated that the Sunnyvale, California company has acted responsibly to Microsoft’s uninvited takeover bid on January 31 and that Ican’s intention “reflects a significant misunderstanding of the [...]
