How many Yahoo shareholders does it take to screw a CEO?

Posted by Keith Hahn, Jun 12, 2007, 2:25pm

A group of 100 Yahoo investors are calling for the resignation of CEO Terry Semel in the annual shareholders meeting that began today at 1pm. Their pugnacious leader, Eric Jackson, appeared on CNBC's Closing Bell last night to emphasize Yahoo's cliff dive since Google's IPO, saying, "I've spoken to a bunch of the top ten holders of Yahoo's stock, a bunch of the largest pension funds across the US and everyone is saying, 'if I'd only put my eggs into Google's basket three years ago, my portfolio returns would have been so much greater,' something has got to change." Although Yahoo's stock has risen 240% over the past five years, since last June Yahoo's share price has dropped nearly 10% compared to Google's gain of 33%.

In February, Jackson posted a series of YouTube videos that detailed his new 9 point plan to save Yahoo. Jackson, who owns 45 common shares of Yahoo, nominated himself for a position on Yahoo's board in his "Finalized Plan B" video posted in February (watch below). Jackson claims in the video that he has over 900k common shares pledged to the Semel-ousting effort, which amounts to less than one tenth of one percent of all Yahoo shares (over 1.3 billion shares of total common stock).

[This post was written by Senior Activist Analyst / Part Time Feminist / New DB Editorial Intern Peter Ribic]

Activist Yahoo Investor Gunning for CEO Semel [CNBC]

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Posted in: Activist Investors, Yahoo!

Comments

Posted by anonymous, Jun 12, 2007 2:29PM

What happened to Bressler? Did Levin get rid of him because he was making her look bad?

Posted by BSD, Jun 12, 2007 2:34PM

Activist Investor Extraordinaire Eric "Jazzy-E" Jackson should look at starting an activist fund with seed money from elite Fund Manger and bestselling author Tim Sykes.

Posted by , Jun 12, 2007 2:37PM

2:29, you're an idiot.

Posted by , Jun 12, 2007 4:06PM

Aces on the title misprint. Worst...Editors...Ever.

Posted by anonymous, Jun 12, 2007 4:15PM

Yeah, isn't is supposed to read: "How many Yahoo! shareholders does it TAKE TO screw a CEO?"?

Guys, get an effing copy editor already!

Posted by , Jun 12, 2007 4:24PM

Hopefully 4:15's IS/IT misprint satire and not irony.

Posted by , Jun 12, 2007 4:25PM

Hopefully 4:15's "isn't is" misprint is satire and not irony.

Posted by you douchebag, Jun 12, 2007 4:35PM

it

Posted by Anon, Jun 12, 2007 4:37PM

Anonymous @ 4:24: "Hopefully 4:15's IS/IT misprint satire and not irony."

WTF?! What are you trying to say here?

Posted by anonymous, Jun 12, 2007 4:38PM

Who wrote the headline, Keith or Peter?

Posted by how about the above commenters get a copy editor, Jun 12, 2007 4:59PM

you stupid fucks: the headline is correct. it's talking about shareholders screwing a CEO, like, 'to screw' a CEO, and not 'to screw in' a ceo.

Posted by anonymous, Jun 12, 2007 5:18PM

No, 4:59, you fucking dumbass, the original headline was INcorrect. They fixed it.

BTW, what happened to Bressler?

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