Despite the odds going into today’s annual meeting, Yahoo’s board and CEO Jerry Yang won a huge endorsement from shareholders. Yang alone won more than 85 percent of votes cast despite calls by some for his ouster.
But that didn’t dampen the festivities at the Fairmont Hotel in San Jose. Here are a few choice quotes from the meeting, where investors were invited to lament over failed deal talks with Microsoft, rich compensation for executives and Yahoo’s stance on Internet censorship.
“I’d like to see timesheets posted on the Internet for the work of the directors as well as the executives of the company,” said Dirk Neyhart, a retired stockbroker from Berkeley, California, who said he holds less than 1,000 shares of Yahoo.
“I would be more than happy to submit timesheets for the work that I have done in the last 6 months. It’s been about 26 hours in the course of a 24-hour day,” said Yahoo Chairman Roy Bostock.