Yahoo shareholders express frustration Video
Yahoo shareholders express frustration Video Transcript
^B00:00:00
>>I think you're overpaid on compensation, I think you're involved in overplaying your hand with Microsoft, and I think that you've overstayed your welcome. Mr. [inaudible] do the honorable thing and, if there's again a high against vote, step down from this board.
>>That was as tense as it got during the Q & A portion of the Yahoo! shareholder meeting.
>>It was more subdued than I was thinking it would go, for example, the room wasn't even filled to the, wasn't packed to the gills.
>>Unlike last year's meeting that ultimately resulted in CEO Terry Semel stepping down, this meeting is unlikely to bring a dramatic change in leadership.
>>So you're not expecting to see Jerry Yang step down in the next couple weeks like we did last year with Terry?
>>No, it looks like Jerry Yang is not going to be raising the white flag anytime soon.
>>Nonetheless, shareholders we talked to afterward expressed frustration about the company's direction and stagnant stock price.
>>The growth is just not happening and so you start to lose hope a little bit as far as the company goes.
>>I want a clean slate. I want a whole new board. Somebody's got to come in here and turn this whole company around.
>>Even though investor Carl Ikahn will now occupy a seat on Yahoo!'s board, he was barely mentioned.
>>I think it's a good thing, but it's not the cure all for this company. I mean he's one shareholder and there are a lot of us out there and just having him and having a couple other people on this board doesn't fix this board, in my opinion. I think some more changes need to be made.
>>When investor Carl Ikahn joins the board on Monday he and the other board members will have until August 15th to name the two additional members. Their choices will be interesting as it could lay the groundwork for future leadership positions within the company. In San Jose, I'm Kara Tsuboi, CNET.com. ^E00:01:42 [ Music ]
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