Yahoo Shareholder Capital Research Global Investors Wants A Recount
SAN FRANCISCO -- Capital Research Global Investors, one of Yahoo's largest shareholders, has asked for a re-examination of Yahoo's shareholder vote at last Friday's annual meeting, the investment group's parent company said Monday.
The request for re-examination suggests that the votes actually withheld for certain Yahoo directors, including the chief executive, Jerry Yang, may have been higher than reported.
Gordon Crawford, an influential portfolio manager for Capital Research, which owns about 6.2 percent of Yahoo's shares, has been sharply critical of Yahoo's board and management, and was believed to have advised funds under his control to withhold votes from certain Yahoo directors.
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If you're Jerry Yang, just click back into the recent past to remember that nice, clean feeling you had when you were telling everybody there was overwhelming shareholder support for the board.





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New York Times | Miguel Helft | August 5, 2008 08:03 AM