Yahoo shareholders vote in favor of Yang, board
Yahoo held their annual meeting with their shareholders and contrary to what some people believed before the meeting, the shareholders voted strongly in favor of CEO Jerry Yang and Yahoo’s board of directors with Yang receiving 85% of the vote in his favor.
That’s not to say that everyone is happy with Yang and the board. A small group of investors that collectively own 3.2 million shares criticized the board during the meeting, saying that they have hurt the stock price since.
One of them, Eric Jackson, said “I think you have overpaid in terms of executive compensation, overplayed your hand with Microsoft and overstayed your welcome on the board.”
Another investor asked to know more about how much time Yahoo directors worked to earn their pay.