Comments on: Yahoo to update shareholder vote after error

The firm that transmitted some major shareholders' votes to Yahoo made an error, meaning that the vote results didn't fully reflect disgruntlement with management.

[The_Decider]

If these shareholders are unhappy sell and go buy stock in a company that isn't concerned with long term growth and will sell itself out for a quick buck.

[zanely]

Last time I looked "quick bucks" were worth just as much as long-term bucks.

[Prince2k3]

As long as ipod and iphone are out. Apple will be on top I don't think regular consumers are concerned with DRM and even know what DRM is. You can say all you want about iTunes it is still used because majority of the people carry ipods and iphones so... sheep as it my Apple is carrying the shepards stick.

[tech_crazy]

What does this have to do with Yahoo?

[aka_mythos]

Most shareholders are concerned about the long term growth. The ones concerned with short term gain were the ones who came in after the Microsoft negotiations were announced, driving up yahoo's price. Any one who is concerned with long term growth should be concerned with Yahoo tying itself to Google while it sounds nice its a big concession guaranteeing that for a very long time Yahoo can be proud of it's new mantra "We're number two!" Which is something the current leadership embraces while a lot of stockholders don't.

[Vegaman_Dan]

The sad thing about the vote is that is completely meaningless. Yahoo's charter has stipulations that the votes are merely a guide and the board is under no obligation to pay heed to them. Even if every single vote was to toss Yang out, the board can ignore the shareholders entirely.

I wonder if that is standard in corporations or if Yahoo really got a sweet setup there.