Wednesday, 20 August 2008. 08:13 GMT
Yahoo bosses under fresh pressure - Again
Posted by Winston Chim   on Wednesday, 06 August 2008. 12:22 GMT

BBC

"Bosses at US internet firm Yahoo are under fresh pressure after it emerged that opposition to them at its recent AGM was far greater than first thought.The outcome of shareholder votes were revised after technical glitches meant some votes had not been counted.

The revisions show that 33.7% voted against the re-election of chief executive Jerry Yang - much more than the 14.6% figure first published. Yahoo bosses came under fire for their handling of Microsoft's recent bid.

Yahoo rejected Microsoft's $47.5bn offer, arguing that it undervalued the firm's assets and future business prospects. Some investors believe Yahoo was too hasty in spurning the offer and has not come up with an alternative strategy for future growth. "

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