The Yahoo shareholders who spoke at the company’s meeting in San Jose today were not particularly interested in raking the company’s board of directors over the coals for its handling of Microsoft’s acquisition offer. In fact, several who spoke praised the board and were glad that it held off Microsoft. In the quote of the day, one man, who said he owns 1,200 shares, along with his wife, described Microsoft as “a corporation-destroying, over-the-hill, green tentacled octopus from Redmond.” Zing.
The Yahoo shareholders had several questions about corporate governance, executive and board compensation, human rights issues, business and strategy.
There was no announcement of the outcome of the vote for the board of directors — meaning no indication of the number of shareholders who expressed their discontent with the board by withholding votes.
Chairman Roy Bostock went back through the entire Microsoft acquisition saga from Yahoo’s point of view. His version of events elicited a one-line statement from Microsoft before the Yahoo meeting concluded:
“Yahoo is attempting to rewrite history yet again with statements that are not supported by the facts.”