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85% of Yahoo shareholder back Yang

Discussion in 'General Discussions and Lounge' started by temi, Aug 2, 2008.

  1. temi

    temi Facilitator Webmaster

    Yahoo shareholders have voted to re-elect the firm's board after it defended its handling of negotiations with Microsoft over a possible deal.
    Chief executive Jerry Yang won the backing of 85% of investors at Yahoo's annual meeting in California.
    Some investors had criticised the firm's failure to agree a deal with Microsoft, which had offered to buy the internet firm for $47.5bn (£24.1bn).

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