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Thursday, June 25, 2009

The Walk-Up to Yahoo’s 2009 Annual Meeting (Liveblogging Starts at 10 am PDT)

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Let’s be honest–even with the sassy stylings of CEO Carol Bartz, who will be appearing at her first Yahoo annual meeting this morning–there are few of these affairs that are even remotely exciting.

Last year’s Yahoo meeting did have a frisson of possibility, since billionaire investor Carl Icahn and Microsoft CEO Steve Ballmer were fixing to put the double squeeze on the board and, especially, its then-CEO and co-founder Jerry Yang. Also, major Yahoo shareholders threatened a revolt.

But, none of that panned out. Thus, this year is likely to be a snoozer in comparison.

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Monday, March 16, 2009

An Injured Woz Dances On: You Owe Him Your Vote!

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Last week, BoomTown turned partisan in what is perhaps our only truly fair election these days: “Dancing With the Stars.”

Because he is so lovably dorktastic, it seems as if Silicon Valley has to pull out all the stops to make sure the anti-Fred Astaire stylings of Apple co-founder Steve Wozniak remain in the competition.

Woe to everyone when it was revealed that he had hurt himself dancing, with a fractured leg. But, he will–pink silk shirt and all–survive!

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Thursday, October 30, 2008

Don’t Vote, Vote? Whatever–Spielberg’s Directing an Online Video!

Not many online videos have sequels, but the one below–featuring a passel of celebrities, including Tom Cruise, Will Smith, Borat, Leonardo DiCaprio, Julia Roberts and Harrison Ford–is one and even has famed director Steven Spielberg at the helm.

It is a follow-up to a PSA I posted earlier this month, called “Hollywood Declares Themselves,” encouraging young people to vote.

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Monday, October 6, 2008

Register to Vote Before Deadlines–Or Jessica Alba Will Muzzle You

One of the more interesting developments of this election cycle has been the boom in viral online videos being used–from a plethora of political spoofs of the candidates to educational videos to people simply venting.

And those pushing citizens, especially young people, to register to vote have been using the boom in online video too.

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Wednesday, October 1, 2008

Don’t Vote! (Except, It’s Celebs Being Ironic, So Do!)

Here’s an interesting online video, in which a passel of celebrities urge young people to vote.

It begins with them urging youth not to vote, in that hipster, sarcastic, of-course-we-really-mean-you-should-vote-you-dope tone.

The nonpartisan PSA–well, honestly, it does lean decidedly liberal–has been produced by actor Leonardo DiCaprio’s Appian Way and includes DiCaprio, Jennifer Aniston, Dustin Hoffman, Eva Longoria, Forest Whitaker, Ellen DeGeneres, among others.

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Friday, August 8, 2008

Microsoft: No Digital Head Yet, But Should It Strike Again at Yahoo’s?

Once burnt, twice shy?

I suppose that’s the reason Microsoft is not loaded for bear and headed back down to Sunnyvale to make another play for Yahoo right now.

Not even after Jerry Yang orchestrated activist Carl Icahn’s defenestration by inviting him on the board at Yahoo, where he will be 100 percent silenced.

Not even after the stranger-than-fiction shareholder miscount (oops–we thought no meant yes!).

Not even after Yahoo stock’s consistent flirting-with-the-teens price.

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Thursday, August 7, 2008

Scratch Jerry Yang for Post-CEO “Dancing With the Stars” Gig

Dancing and making a video about dancing is obviously something that elevates Yahoo, which is no small thing in this tough period for the iconic Internet company.

In this video, Blog Editor Nicki Dugan takes the well-known dancing-fool Internet celeb Matt Harding of the Where the Hell Is Matt? Web site and places him all over Yahoo for 33 dancing sessions.

The video was recently shown at the company’s all-hands meeting, and it is simply delightful to see Yahoos looking happy simply by tripping the light fantastic.

I think activist shareholder Carl Icahn should make Harding one of his picks for the Yahoo board.

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Tuesday, August 5, 2008

New Yahoo Shareholder Vote: Yang Disapproval More Than Doubles

The vote is now in and it’s not so pretty for Yahoo, as it turns out.

Broadridge Financial Solutions’ corrected tabulation of the vote at the Yahoo annual meeting on Aug. 1, without the “truncation errors,” came out and shareholders are actually mighty irked at Yahoo leadership.

Most glaringly, it shows Yahoo CEO Jerry Yang’s disapproval more than double what was previously reported, rising from 14.6 percent votes withheld to 33.7 percent. Yahoo Chairman Roy Bostock increased from 20.5 percent withheld votes to 39.5 percent.

Yang, who has been under fire for his management of Yahoo, is likely to now endure yet another round of questioning about whether he should stay in his job in the wake of this clearly massive show of disapproval by investors.

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Broadridge to Yahoo: Oops, We Added Wrong (and Shareholders Like You Lots Less)!

Here’s the full statement from the outside firm that tabulated Yahoo’s recent shareholder vote.

Bottom line: An underreporting of shares withheld for certain directors, which the Lake Success, N.Y., firm is calling a “truncation error.”

That sounds painful.

And it is likely Yahoo CEO Jerry Yang will feel much of that pain, as sources said the shares are largely those that were withheld from him by disgruntled shareholders.

The mistake will not change the vote’s overall outcome, but it will surely make Yang’s no-vote tally worse.

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The Yahoo Shareholder Vote: Like Florida, Except More Confusing!

All Yahoo needs now is for former Florida Secretary of State Katherine Harris to show up and start recounting votes.

It could happen, given all the crazy characters who have been drawn to the much-beleaguered Internet company like a magnet, in 2008.

It’s almost as if there is a voodoo curse on Yahoo and, so, you didn’t think the digital gods would let it have more than one weekend of good news, did you?

No, they will not, it seems.

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Monday, August 4, 2008

Yahoo Shareholder Vote Number-Crunching–Whither Cap Re’s No Vote?

There is a mini-tempest brewing over how shares were tallied in the Yahoo annual meeting last Friday, specifically around whether a group of votes withheld by one of Yahoo’s major shareholders was not counted, counted incorrectly or even voted incorrectly by the investor.

According to sources close to the thinking at Capital Research & Management, the proxy committees for its two large funds that hold a significant stake in Yahoo recommended last week that they withhold votes specifically from CEO Jerry Yang and from various board members, such as Chairman Roy Bostock, to register disappointment with their performance.

Thus, sources said, the investment fund has approached outside vote tabulator Broadridge Financial Solutions, a Lake Success, N.Y.-based financial services company that does securities clearing and processing, about whether those votes were correctly counted.

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Friday, August 1, 2008

Yahoo Shareholder Vote: Old Board Stays Put (While AOL Makes Another Boneheaded Move!)

After its annual meeting today, as Yahoo board members had lunch together, Yahoo released the unsurprising results of its shareholder vote and it seems we will still have Yahoo CEO Jerry Yang to kick around some more.

Yang garnered 85.4 percent of the shares to stay on as a director of the Internet company, with 18.2 percent withheld.

While having almost 20 percent of your investors think you are not worthy is not good, it is also not nearly as bad as it could have been.

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference. Read more »

Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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