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Revised Yahoo! Vote Lifts Scorn Level

Stock quotes in this article: YHOO  

SAN FRANCISCO - Revised election results from Yahoo!'s (YHOO Quote) shareholder meeting reveal far more disenchantment with Chairman Roy Bostock and Chief Executive Jerry Yang than initially reported.

Yahoo! acknowledged a tabulation error late Tuesday by Broadridge Financial Solutions, an independent voting intermediary that processes proxies for banks, brokers and institutions. In this case, Broadridge had been hired by Yahoo!'s largest shareholder, Capital Research and Management, which on Monday challenged the final tally, maintaining that its votes had been undercounted.

The corrected version of the board election results show Yang with 33.7% "withhold" votes, which are essentially equivalent to "no" votes - that's far higher than the 14.6% Yahoo! initially reported at the end of Friday's meeting. ...

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