Skip Links

Network World

  • Social Web 
  • Email 
  • Close

Yahoo will hold annual shareholder meeting on Aug. 1

By Jeremy Kirk , IDG News Service , 06/04/2008
  • Share/Email
  • Comment
  • Print

Yahoo will hold its annual shareholder meeting on Aug. 1, according to a filing with the U.S. Securities and Exchange Commission.

The meeting, to be held at The Fairmont hotel in San Jose, was originally scheduled for July 3, but Yahoo said last month it would delay the meeting until the end of July.

The shareholder meeting promises to be contentious, as Yahoo grapples with the fallout over resisting a $44.6 billion acquisition offer from Microsoft.

Investor Carl Icahn, who believes Yahoo should have accepted Microsoft's offer, plans to nominate 10 people as candidates to replace Yahoo's board of directors. If the move is successful, he reportedly plans to oust Yahoo co-founder Jerry Yang, who is CEO as well as a board member.

Icahn, known for his aggressive moves toward companies he invests in, has bought millions of Yahoo shares since Microsoft's takeover offer became public in February.

In the filing, Yahoo said it plans to nominate nine people for the board. Two other stockholders plan to nominate themselves for positions on the board, while a third investor is planning to offer another slate of nine candidates for the board, the filing said.

Yahoo will also consider three other proposals from stockholders: one that would tie executive pay to performance, one that would set standards for operating in countries that censor the Internet and one that would establish a company committee that looks at human rights issues.

Yahoo is recommending shareholders vote against all three proposals.

  • Share/Email
  • Comment
  • Print
Partner Content

Explore the Ultrium Edge

The powerful tape technology can address data security with tape encryption as well as long term data protection.

Find out more

Disk and Tape Square Off

Discover what disk and tape really cost -- and which solution provides lower total cost of ownership and optimizes energy use for your organization

Download the White Paper

Don't Fall For The Myths

The Clipper Group explores the truth behind the myths of tape, digging into the misconceptions in the disk vs. tape debate.

Download the White Paper

Will You Add Tape Too?

Over two thirds of disk-only users look to add tape back into storage infrastructure according to recent survey.

Download Survey Information

Comment
Login
Forgot your account info?
Add comment
Anonymous comments subject to approval. Register here for member benefits.
Have a NetworkWorld account? Log in here. Register now for a free account.

Videos

rssRss Feed
Get instant email notification when white papers, webcasts, executive guides are added to our library. Stay informed and up-to-date with the latest on IT Technologies with Network World's Resource Alerts.
Network World,to go. Wherever you are. Breaking news delivered to your mobile device. Select the hottest topics in networking and start receiving Network World on your mobile device today.