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Revised Tally Increases 'No' Votes For Yahoo Directors

Publication Date: 
August 06, 2008
Source: 
The New York Times
Author: 
Miguel Helft

Professor Michael Klausner is quoted in a New York Times story about a revised vote count at a Yahoo board of directors election:

“Clearly, it indicates a high degree of shareholder dissatisfaction,” said Michael Klausner, a Stanford Law School professor who specializes in corporate law and governance. He said the percentage of votes withheld was particularly high given that Institutional Shareholder Services, the influential proxy advisory firm, recommended to shareholders that they re-elect all Yahoo board members. The percentage of votes withheld from these directors is higher than last year.