Sunday, November 8, 2009, 8:17PM ET - U.S. Markets Closed.
From Silicon Alley Insider, August 5, 2008:
Companies don't go into tense proxy votes hoping for the best. They hire expensive solicitation firms to poll shareholders in advance, so they know where they stand. If the solicitation firms do their jobs right, the companies have a pretty good idea of where the proxy vote will come out before the ballots are counted.
Which is why the magnitude of the "truncation" error in Yahoo's proxy vote is so bizarre. Jerry Yang and Roy Bostock each lost 19 percentage points of support when the error was corrected. 19 points! The results went from an overwhelming landslide to another-couple-of-big-shareholders-and-you-two-are-out repudiation.
So here's the question for Yahoo:
Given that you probably had a pretty good picture of where the vote was going to come out, why did you certify the original results so fast? Didn't they seem surprisingly strong to you? (They certainly did to us, and we weren't even that mad at you.) Didn't you maybe want to check to make sure the (boneheaded) proxy firm had run its spreadsheet properly before you published the counts? Would you have double-checked the numbers if the initial results had said that Roy and Jerry had both been voted out?
We know the recount doesn't change who won. And we know you're desperate to put this whole nightmare behind you. But before you do, we'd love a bit more information.
yahoo is headed to $10/share, it is overvalued!
Yahoo! and the "good ol' boys" better watch their step or the stock is going to go from 19.62 to 0 real quick....Gates and his boys look good at this point,,,,If I were a stock holder I would be really pis.ed off at this point.
YANG SUCKS, SELL TO MICROSOFT!!! MAKE YAHOO A WORTHY RIVAL TO GOOGLE. WITHOUT MICROSOFT, YAHOO WILL NEVER COMPETE WITH GOOGLE! SELL, SELL, SELL!!!
Yahoo works pretty good as is. Probably better in the future. This is the division between what works and what makes money. Count as you like, I think they've done a pretty good job thus far.
fritz said "If I were a share holder...". But you're not a shareholder, fritz, so shut your piehole. Heading to $0? You're such a drama queen.
R.I.P. Such a great run, but the sails didn't catch the wind this time.
Sucky Jeff, no shareholder value talk! We like Yahoo, but not the board of directors... That is pretty much all we felt ...
Icahn hopefully can raise the stock price. Yang is a nerd and has no training running a business. YHOO has been eating it's lunch as GOOG has stemrolled them and will continue to do so. Past few quarters have been dismal. YHOO management has to come forth and state their short and long term objectives. They have assets especially in Asia.
microsoft offer is coming back!
Google is the best for SEARCH and, because it is essentially a blank page and fast loading, my choice for HOMEPAGE. For EVERYTHING ELSE, FROM FINANCE THROUGH NEWS AND MUSIC VIDEOS: YAHOO!!!!!!! AND -- I AM A MULTI-SHAREHOLDER WHO SUPPORTS THE CURRENT OFFICERS AND BOARD! Theirs is the best program going - MSFT does next to nothing for shareholders OR web users - they ARE great at SOFTWARE. Period. And Carl Ichan? Right. Look at TWA - LOL!
The stock probably becomes a buy later this year at ~$15/share. By the summer of the following year everyone will forget how pathetic Wang and Boystock are and the stock will recover to $20/share, a nice little return. Y! will never get to $30/share in our lifetime unless they strike oil under the corporate offices ... not bloodly unlikely mate!
A 'B-/C+' grade (before the recount) from the stockholders is not an 'overwhelming landslide'. Regardless of the number of happy letters that the Board send to me, the direction is clearly not positive. And, how is selling the search business to Google in Yahoo's best interest?
Yang can't be stopped. Just like Henry;s haircut can't stop his head from bobbing all over the place
Except for GOOG, no shareholders of info/entertainment are exactly on course for big celebrations: Symbol Time Trade Change % Chg Volume Intraday NWS 1:58PM ET 14.18 1.07 7.02% 4,712,611 YHOO 1:58PM ET 20.02 0.20 1.01% 8,564,028 TWX 1:58PM ET 14.82 0.06 0.40% 16,262,128 MSFT 1:58PM ET 26.72 0.51 1.95% 59,446,190 CBS 1:58PM ET 16.44 0.05 0.30% 4,174,509 DIS 1:58PM ET 31.35 0.04 0.13% 7,596,437
There's another problem with the vote that hasn't yet been rectified. Some of us voted Icahn's yellow proxy card to oust present management for Icahn's slate. The day after the annual meeting, I first received a snail mail from Yahoo stating that the yellow proxy ballot will not be counted due to Yahoo's settlement with Icahn. Along with that notice, was a new ballot. Might have done more good if I had received it prior to the voting instead of the day AFTER VOTING! I'm sure that was intentional.
We received 6 ballots for the same 100 shares. Something is not right.
Ha ha, that is the tricky part this board play to stay there and get paid. Very ugly indeed..
IOWNYAHOOSHARES IRECIVED PROXYS ON 2ND OF AUG SOIDIDNOT SEND THEM BACK
Why not repeat the voting system if there is a doubt in the result.
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Yahoo! Finance User - Wednesday August 06, 2008 12:16PM EDT
Yang won. Get over it evil people.