Yahoo stakeholder to snub management

YAHOO REPORTS that its second-largest investor is threatening to throw his toys out of the pram by withholding his votes from the current Yahoo executive management team at the company's annual stockholder meeting on Friday.

Gordon Crawford of Capital Research and Management is reportedly furious that Yahoo's chairman, Roy Bostock, and CEO, Jerry Yang, didn't take whispering Steve Ballmer up on Microsoft's $33 per share buyout offer earlier this year. The investment fund reportedly owns a 6.5 per cent chunk of Yahoo's shares.

Crawford's shareholder tantrum will be merely symbolic, because Carl Icahn has withdrawn his earlier proxy challenge to Yahoo's current board after settling with company last week.

We wonder if he thinks that'll make them more likely to take his phone calls in the future. µ

See Also
Icahn and Yahoo bury the hatchet

L'Inq
Yahoo? on Yahoo