Edgelings

Big Yahoo Shareholder Capital Research Wants Yahoo Vote Probe

Capital Research Global Investors called for a probe into the voting at last week’s Yahoo annual meeting. After defending management against criticism of its handling of the Microsoft talks and a drawn out battle with investor Carl Icahn, Yahoo founder Jerry Yang received what appeared to be a substantial vote of confidence at the annual shareholders’ meeting.  But with a call for a recount, the true depth of dissatisfaction with Yang may yet come to the surface. You just knew that meeting went too smoothly. Why this issue is being raised now is an interesting question, but in any event, the Yang-led board doesn’t appear to be in short-term danger. They should, however, be feeling a bit less comfortable. There will be more “distractions” for Yang; the game is afoot.