Wednesday, August 6, 2008
Microsoft (Inevitably) Weighs In on the Yahoo Shareholder Vote Miscount
Yesterday–in a patented playbook move–some top Microsoft execs didn’t miss a chance to slap around Yahoo over its shareholder vote debacle, letting it be known to industry insiders (on the very loud QT, of course) that the Internet company knew full well that its biggest investor, Capital Research & Management, was going to vote a large number of shares against it.
In essence, Microsofties are arguing that knowledge of a major investor’s dissatisfaction should have prompted Yahoo to question its unusually positive voting results at its annual meeting on Friday and ask the outside voting tabulator to recheck its numbers before officially releasing them.
While BoomTown is careful to consider the sources here–the collapse of Microsoft’s bid for Yahoo has left quite a bit of acrimony between the pair–they actually might have a point.
