Technology news and Jobs 
Technology Deals Yahoo! saga deepens: annual meeting postponed!
Technology Deals Yahoo! saga deepens: annual meeting postponed! | Yahoo! saga deepens: annual meeting postponed! |
|
| by Stephen Withers | |
| Monday, 26 May 2008 | |
|
Page 2 of 2 Yahoo! has also indicated that certain other nominees for board positions have not complied with the company's bylaws and their nominations may be declared defective at the annual meeting.At least one commentator is predicting further resignations from the Yahoo! board as directors. Rob Enderle of Enderle Group told MarketWatch "Were I a board member, and wanted to maintain my reputation, I'd seriously be thinking of giving my seat to someone else," he said. "I'll bet several of the members are becoming concerned about the result of what is likely to be a very divisive future whether we are talking stockholder litigation or proxy battle," he added. Following Kozel's resignation, the size of the Yahoo! board has been reduced to nine. This means five directors rather than six form a majority, potentially making it easier for Icahn and his associates to gain control over the board. But that only works if shareholders choose to vote independently rather than following the slates put up by each side.
Get stories like this delivered daily - FREE - subscribe now
|
Tags
| < Next story in category | Previous story in the category > |
|---|
