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The Yahoo Annual Meeting Circus Rolls Back Into Town Next Week: Send in the Clowns?
Source: BoomTown
Jun 18, 2009


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In exactly one week at 10 am PST, Yahoo will hold its annual meeting in Silicon Valley, the first time where new CEO Carol Bartz will greet its shareholders in person.


She should prep carefully, as the event has been quite a drama over the last two years.


In 2007, former Yahoo CEO Terry Semel left the company just days after a fractious annual meeting and was replaced by Co-founder Jerry Yang.


And last August, the meeting was held in the midst of even more trouble.


The walk-up to that gathering included a failed takeover attempt by Microsoft (MSFT), extensive Yahoo (YHOO) management turmoil and a high-profile proxy fight waged by billionaire investor Carl Icahn.


And the meeting itself was also a mess, after shareholder voting was miscounted and it turned out that discontent about leadership was double what Yahoo first reported it was.


Broadridge Financial Solutions’ corrected tabulation of the vote on Aug. 1, without the “truncation errors,” showed Yang’s disapproval more than double what was previously reported, rising from 14.6 percent votes withheld to 33.7 perc

...Read the full article

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