Activist: Yahoo! Vote Doesn't Add Up

Yesterday, I started to receive emails from fellow Yahoo! shareholders complaining of voting irregularities. One shareholder told Kara Swisher:

"I hold 23,000 shares of YHOO. I had 17,000 on the date of record. I voted to 'withhold all' ... I think twice. Then I voted for all of Carl's team. Now I have learned that the Carl votes did not count and a day AFTER the annual meeting I received my new ballot. I wonder how many other people were disenfranchised??? Who can I complain to?? Is this how Jerry got his support??"

I call on Yahoo! to immediately appoint a third party to review and then report back to shareholders exactly how all of the 1.4 billion shares outstanding on the June 3 record date were voted during this election.

If the results truly indicate that this board was re-elected, shareholders can and will accept that. But Yahoo! shareholders expect and deserve to know exactly how their shares were voted with accurate numbers.

One thing is clear at this point: Roy Bostock and Ron Burkle do not have the confidence of the Yahoo! shareholders. They should both immediately resign from the board so that Yahoo! can fill those positions. Doing it at the same time as bringing on the new Icahn nominees to the board before that Aug. 15 deadline would make a lot of sense.

Hopefully, the new Yahoo! board can turn the page on these difficult last four years and navigate through more prosperous times ahead.