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Yahoo investors give board a thumbs up

Yahoo's investors threw their weight behind the internet company's board on Friday, with 85% of votes supporting chief executive officer Jerry Yang after he fought off a proxy fight with Carl Icahn. Each director received at least 77% of the votes cast, Yahoo said after its annual meeting. Icahn was appointed to the board after the vote.

The result gives Yang a boost after he drew criticism for passing up a $47.5 billion takeover offer from Microsoft. Yang, who co-founded the company in 1995 and took over as CEO last year, said on Friday that Yahoo's internet advertising strategy is on the verge of paying off.

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economictimes.indiatimes.com
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Zerodin3759d ago

Not exactly Gaming news.

GiantEnemyCrab3759d ago

Nah, but it's negative MS news which you can connect to 360 so it's all good.

Negative MS = auto approval!

Lord Shuhei Yoshida3759d ago (Edited 3759d ago )

???

Can someone push me to the open zone?------------------------- --->

karlostomy3759d ago (Edited 3759d ago )

It really is unbelievable.

Yang lost his shareholders $47 billion dollars (!) and they vote to keep him?

Damn. They deserve to lose for being so stupid.

DJ3759d ago

And one that will definitely pay off.

ElementX3759d ago

Honestly, do people use Yahoo anymore? How can their advertising strategy be "on the verge of paying off"?

juuken3759d ago

I still use it.

What's your point?

ElementX3759d ago

I was asking a question