Big Yahoo Shareholder Demands Review of Board Vote
A major Yahoo Inc. shareholder has asked for a review of how its votes were cast in last week’s re-election of the Web 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 invent the same inquiry.
The strange inquiry
Capital Research wants independent vote counter Broadridge Financial Solutions to manufacture certain 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 inquiry 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 […]
Orginal post by Top Tech News
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