InternetBig Yahoo shareholder demands review of board vote (AP)
AP - A major Yahoo Inc. shareholder has asked for a review of how its votes were cast in last week's re-election of the Internet company's board, raising questions about whether the opposition to the directors may have been understated.
SAN FRANCISCO - A major Yahoo Inc. shareholder has asked for a review of how its votes were cast in last week's re-election of the Internet company's board, raising questions about whether the opposition to the directors may have been understated. Capital Research Global Investors, which owns a 6.2 percent stake in Yahoo, demanded the review Monday, Capital spokesman Chuck Freadhoff said. Capital World Investors, a related fund that owns nearly 10 percent of Yahoo's stock, didn't make the same request. The unusual inquiry was first reported on the technology blog, "All Things Digital." Capital Research wants independent vote counter Broadridge Financial Solutions to make sure the fund's votes on the Yahoo directors were accurately transmitted, Freadhoff said. He declined to discuss how Capital Research intended to vote or what prompted the request for a review. Lake Success, N.Y.-based Broadridge didn't immediately return calls left late Monday. Capital Research's manager, Gordon Crawford, has publicly scolded Yahoo's leadership for its response to a $47.5 billion takeover bid from Microsoft Corp., which withdrew the offer three months ago after Yahoo Chief Executive... [ Read more on www.yahoo.com ]
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The request comes amid rising scrutiny of deep-packet inspection, or DPI, by lawmakers and consumer advocates.
InternetCapital Research wants Yahoo vote probe (Reuters)
Reuters - One of Yahoo Inc's largest and most critical shareholders, Capital Research Global Investors, said on Monday it had asked for a probe of last week's shareholder vote which showed strong support for Chief Executive Jerry Yang.
