Friday, May 23, 2008

Yahoo Blinks: They Postponed Their Annual Meeting

It seems that Yahoo's board is running scared or are simply playing for time to work out a deal with Google or something in order to save their skins. The shareholder meeting has been moved from July 3 to sometime at the end of July. They should have taken that sweetened offer from MSFT since Yang and Co. might be out on their asses after that date.

The Internet media company also disclosed in a regulatory filing that shareholders other than billionaire investor Carl Icahn plan to nominate candidates to its board.

Two individual shareholders other than Icahn have informed the company they plan to nominate themselves to the board, and another shareholder has notified Yahoo of plans to nominate an alternate slate of nine directors, not including himself, according to a filing.

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