Shareholders upset about Yahoo’s lagging performance forced CEO Terry Semel to defend the company’s market strategy, even as he and other company-backed officers were re-elected to the portal’s board of directors. Yahoo shareholders defeated a proposal to change the way executive pay is determined, but a third of those who cast votes supported the move — a sign that a growing number of investors are upset about hefty bonuses being paid out to Semel and others as the company’s stock has drifted sideways.
Original post by Keith Regan and software by Elliott Back
