just sent my email:
as a Yahoo stockholder, I am shocked by the news reports of proposed minority investment plans
the Board of Directors apparently is considering
it is clear that these proposals are designed to dilute and disenfranchise the common stockholder
like myself and benefit a few minority shareholding insiders such as yourself
please understand clearly that you and the board of directors will be held accountable for any
actions you may undertake in this that hurt the interests of the larger community of shareholders
may I remind you, that as a member of the Board, you have a duty of loyalty to ALL the shareholders
and are obligated not to favor yourself or other insiders in such transactions
you role, in particular, has become highly controversial and obviously conflicted, and you should
clearly have been removed from any consideration of such proposals
may I remind you that your phenomenal mishandling of the Microsoft acquisition proposal and
your company's declining position in the marketplace since then bring into question your general
competence to be on the board in the first place (in fact it will probably be long studied in business
schools as classic examples of incompetence)
it is time that you showed that you have the intelligence and integrity to do what is right for those
who have entrusted their hard earned money in support of a company that you have no clue how
to operate successfully
please consider a retirement form the scene, you can well afford it, and it will be well received by a
vast majority of stockholders
looking forward to your doing the right thing
We realize the BOD does not care much about shaeholders any more than Republicans care about the common man, until there is a serious number of calls or rallies, etc. Even if they don't respond to our wishes it is better to let them know we realize a 20% deal is a screw job.
I sent a couple in opposition to 20% PIPE reacap screw job of shareholders and said we want the entire company sold to the highest bidder over $20. Also get rid of this BOD.
Click on hyper link and send message.