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Posts Tagged ‘Roy Bostock’

Yahoo Does the Hanging Chad, Yang Actually Not So Popular

florida_hanging_chad_recount.jpgRumors have been swirling since last week’s Yahoo shareholder’s meeting that the voting results from the August 1 election of its board of directors did not quite add up (suspicion arose when Yahoo head Jerry Yang‘s numbers were higher than last year’s). Turns out where there’s smoke there’s fire.

Yahoo has announced that the company it hired to do the counting made a mistake, seems Yang and three other board members including Yahoo chairman Roy Bostock, director Ron Burkle and Arthur Kern are significantly less poplular than they’d been led to believe. In fact 33% of the members withheld their vote for Yang out of protest (this is more than double what was originally reported). No word yet on how the mistake was made.

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Icahn and Microsoft Fail to Charm Yahoo, Again

watergun2.jpgIt’s back off-again. Over the week-end Yahoo rejected Carl Icahn and Microsoft‘s “take it or leave it” proposal, which required Yahoo to sell its search business to Microsoft, throw out its board and management, and hand control of the rest of the company to Carl Icahn. Not surprisingly even the analysts and shareholders who had previously criticized Yahoo for letting takeover talks with Microsoft collapse earlier this year referred to the “stupid” offer as a stunt. But don’t despair, all is not lost! Yahoo chairman/CEO Roy Bostock says the company is more than happy to consider a sale and has “emphatically” told Ballmer that Yahoo would be “willing to sell to Microsoft at $33 a share or to negotiate a search deal after the proxy fight.”

Meanwhile over at AdAge Simon Dumenco says the whole “on-again, off-again, full-frontal, roundabout, all-or-nothing, piecemeal” relationship is bad for Microsoft’s image and that this entire deal (or non-deal) is evidence that Microsoft head Steve Ballmer is running “amok” now that Bill Gates has effectively left the building. But that doesn’t mean we want all this “pouncing and striking” and “ducking and weaving” to end! Oh no, we have to agree with Dumenco that as far as media “dramedies” go it’s too much fun. The only thing missing now is some Rupe.