Yahoo! shareholders reelect current board
Last Saturday Icrontic ran a comprehensive analysis of the tensions between Microsoft and Yahoo!. We noted then that Yahoo’s! annual board elections were fast approaching and have since come to pass. In a surprising conclusion, Yahoo!’s standing board of chairs has been reelected in full.
All current board members received a minimum of 78% support, with Yahoo! founder Jerry Yang receiving 85% endorsement. Roy Bostock, another board member instrumental in rejecting Microsoft, received 79% endorsement.
The board’s Director, Robert Kotick, netted an overwhelming 92.5% but resigned immediately at the conclusion of the meeting. He has been replaced by Carl Icahn, who now sits on the board to represent the minority interest in Microsoft’s ownership.
