Who Needs Diebold

Wonderful:

Yahoo has updated the results of recent voting by shareholders, revealing that support for the Internet firm’s board is far weaker than it appeared.
Some 200 million votes were mistakenly cast in favor of the re-election of Yahoo chief executive Jerry Yang and board chairman Roy Bostock by an outside company used by a major stockholder.
A revised tally released on Tuesday shows Bostock got the least support, with 60.4 percent of votes in favor of his re-election instead of the 79.5 percent originally reported after the August 1 shareholders meeting.
Yang did not fare much better, winning 66.3 percent of the votes cast as opposed to the 85.6 percent figure in the miscount. Two other Yahoo board members were erroneously given the support of 100 million votes each.

Posted by on August 6th, 2008 at 9:57 am


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