Shareholder Activism, Youtube Style

Winds of change are blowing across the Street, and life will never be the same.

A revolution is coming, courtesy of the internet(s):

To see the new face of shareholder activism, go to YouTube, MySpace or the blogosphere. That’s where corporate consultant Eric Jackson, who owns 96 shares of Yahoo, launched a campaign last year to make the struggling Internet company more accountable to investors.

This year, he marshaled 135 investors holding about 2.2 million shares to persuade the company to accept Microsoft’s (or some other bidder’s) takeover offer. “We want a deal at the highest price, and we’re ready to tender our shares,” he says.....Other activists want to put specific proposals up for shareholder vote—or at least get management to address the issues involved. “Say on pay” resolutions call for a thumbs-up or a thumbs-down on executive compensation. Other hot-button issues this year include political contributions and climate change. Kiplinger

Investors Revolt Online
Kiplingers

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