March Madness
Do you like to pull for underdogs?
Most Americans do. And they love to bet on them as well.
Yahoo! is an underdog. And Terry Semel is on the hot seat. The annual shareholder meeting is 72 days away and he has a few very unhappy shareholders. Whats next?
CEO compensation is great fodder for the front page...Bob Nardelli and Robert Toll have sold a lot of newpapers lately and Terry Semel’s pay package might be the next one to goose circulation numbers. By some accounts Semel has pulled out close to $550 million in compensation since he started at Yahoo! in 2001.
Big numbers. But the stock’s performance has been anemic of late and speculation continues to mount on the company’s future direction.
Eric Jackson is on a mission to make sure something happens in Yahoo!’s corner office..
March 2, 2007
My fellow Yahoo! shareholders:
Last week, we launched our formal “Plan B” campaign to improve Yahoo!’s long-term competitive advantage which will benefit all Yahoo! users, employees, and shareholders.
We submitted the plan to Yahoo!’s corporate secretary as business to be brought forward at the May 24 annual meeting of shareholders. We also filed the necessary papers for me to stand for election to the Yahoo! board of directors.
The campaign for “Plan B” is on. It’s going to be an exciting next 12 weeks. Breakout Performance
Maybe Sue Decker will ultimately run the company...she has come a long way from her DLJ days at 277 Park.... Eric pegged her as a front runner some time ago…
Eric is a long shot to get a board seat. But he will likely stir the pot as he reaches out to institutional investors between now and the shareholder meeting in May:
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The content contained in this blog represents the opinions of 1440 Wall Street. This commentary in no way constitutes a solicitation of business or investment advice. It is intended solely for the entertainment of the reader, and the author. StockJockey has a long position in YHOO
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