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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 [...]
Just when the pressure cooker’s steam appears to have been released, another blazing blast hits Yahoo in the aftermath of the August 1, 2008 stockholder annual meeting voting results. The flames came from a major Yahoo shareholder, Capital Research Global Investors, when it requested that the shareholders votes be re-examined on Monday. The New York [...]
Yahoo! made the announcement on the Yahoo! Search Blog on August 4, 2008 that the Internet pioneer would be “rolling out some changes to our crawling, indexing and ranking algorithms over the next few days.” Sharad Verma of Yahoo! Search explained that during the update, there will be ranking changes and page shuffling in the [...]
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. rejected a new joint proposal from Microsoft Corporation and billionaire corporate activist, Carl Icahn, over the weekend. The recent proposition to break up Yahoo was presented late Friday and gave Yahoo 24 hours to “take it or leave it.” According to The Wall Street Journal, “Microsoft would buy Yahoo’s search business and let [...]
Yahoo, Inc. sent a letter to stockholders late Wednesday, June 25, informing of the latest developments including the recent announcement of the Google ad search agreement and the unsuccessful buyout discussions with Microsoft Corporation with regard to a potential transaction. Jerry Yang, Yahoo CEO, and Yahoo Chairman, Roy Bostock explain in the letter that the [...]
Yahoo Inc. was hit with a tidal wave this past week with the exodus of key executives as the struggling Internet giant braces for a major reorganization in the onslaught of storms including the proxy battle to overthrow the company’s board of directors that is spear headed by corporate activist, Carl Icahn. The departure of [...]
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 [...]
