Vote probe blow for Yahoo boss - Business - Evening Standard
       

Vote probe blow for Yahoo boss

A recount of the vote at Yahoo's recent shareholder meeting shows double the protest vote against founder and chief executive Jerry Yang that was first published.

Yang has been under pressure for months for driving away Microsoft's $47 billion (£23.95 billion) takeover offer. However, early results from last Friday's shareholder vote showed 85% of votes going to him.

Forced to a recount by one of its biggest shareholders, Yahoo has now revised the tally to show 33.7% of votes withheld for Yang — more than twice the opposition to his reappointment to the board as in the first count.

Capital Research Global Investors, one of the Yahoo's biggest shareholders and a critic of Yang, called for a probe of the vote after finding discrepancies in the results.

Yahoo said Corporate Election Services, the company's inspector of elections, found Broadridge Financial Solutions, a proxy voting intermediary for major investors, made significant errors in reporting votes.

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