by John Paczkowski Posted on July 28, 2008 at 12:18 PM PT
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four days to go before Yahoo’s (YHOO) annual shareholders’ meeting this Friday, and already, things are starting to get messy. Capital Research Global Investors, Yahoo’s second-largest shareholder, is considering withholding votes for Chairman Roy Bostock and CEO Jerry Yang in protest over the company’s bungling of Microsoft’s takeover bid. Capital Research Global Investors owns 6.5 percent of Yahoo, according to recent filings, so a disdainful withdrawal of support like this would certainly be humiliating. But it won’t be nearly so destabilizing as it might have been now that Yahoo’s proxy contest with investor Carl Icahn has been resolved .
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Just four days to go before Yahoo’s (YHOO) annual shareholders’ meeting this Friday, and already, things are starting to get messy. Capital Research Global Investors, Yahoo’s second-largest shareholder, is considering withholding votes for Chairman Roy Bostock and CEO Jerry Yang in protest over the company’s bungling of Microsoft’s takeover bid. Capital Research Global Investors owns 6.5 percent of Yahoo, according to recent filings, so a disdainful withdrawal of support like this would certainly be humiliating. But it won’t be nearly so destabilizing as it might have been now that Yahoo’s proxy contest with investor Carl Icahn has been resolved.
