Deep Divisions at Yahoo Revealed

Things have turned out worse for Roy Bostock–with 40 percent of votes lining up against the Board chairman.  The revised numbers signal a deeper dissatisfaction with Yang and his board than was earlier believed. Having turned away a Microsoft bid of $33 dollars a share, Yang must now make good on his turnaround promise knowing that a large group of unhappy shareholders is watching over his shoulder.  How long will disappointed shareholders give Yang?  That remains to be seen.   With weak Q2 numbers and guidance suggesting a sagging end to the year, the Microsoft offer is looking better all the time. Given the turbulence and “distractions” that the future probably holds for Yang and Co., a quiet retirement must be looking mighty appealing to senior management just about now.  Yahoo closed the day Tuesday at $19.82, about 40% below the Microsoft offer.  More