InternetYahoo Board Faces Down Critics

UPDATED: While some shareholders took issue with Yahoo's recent decisions, its leaders stood fast -- though they said they're still puzzled why Microsoft walked away.

UPDATED: SAN JOSE, Calif. -- TV cameras and other media massed outside the Fairmont hotel before the start of Yahoo's shareholder meeting here today. But they weren't huddled around embattled CEO Jerry Yang or other Yahoo officials. Rather, it was maverick shareholder Eric Jackson who was holding court, detailing his displeasure with current management and why he still is in favor of the Internet giant doing a deal with Microsoft. Jackson leads a group of 146 investors who jointly hold 3.2 million Yahoo (NASDAQ: YHOO) shares, he said, seizing the opportunity to reiterate his displeasure over Chief Executive Jerry Yang and the current board of directors. "I'm frustrated and it's not just about Microsoft," he said. "We've been asking for a plan for the past four years, but there's no indication the company can execute. I don't think [Yang] is the right CEO. They need an outsider and new people around the table." RELATED ARTICLES Icahn Speaks Out on Yahoo Truce Tough Times for Yahoo as Profit Plummets Yahoo Appeals for Investor Support Ballmer Throws In the Towel on Yahoo Bid Yahoo Meeting: Shareholders to Sound Off For more stories on this topic: During the question-and-answer portion of the shareholder meeting, Jackson continued criticizing Yahoo management, at one point telling Chairman Roy Bostock he should "do the honorable thing" and step down. Jackson's position didn't appear to ruffle too... [ Read more on www.internetnews.com ]

InternetTime Warner says ex-AOL CEO can't join Yahoo board (Reuters)

Reuters - Time Warner Inc said on Friday a non-compete clause in former AOL Chief Executive Jonathan Miller's contract prevents him from joining Yahoo Inc's board until March 2009.

InternetYahoo board emerges unscathed from annual meeting (AP)

AP - Yahoo Inc.'s board emerged largely unscathed from the Internet company's annual meeting Friday as a subdued crowd of shareholders raised few questions about the directors' rejection of Microsoft Corp.'s $47.5 billion takeover bid.