Yahoo faces down shareholders at annual meeting

By John Letzing & Benjamin Pimentel, MarketWatch

SAN JOSE (MarketWatch) -- Yahoo Inc.'s incumbent directors were re-elected by shareholders on Friday, although a sizeable number of votes were withheld for CEO Jerry Yang and Chairman Roy Bostock in a sign of investor discontent with the Web portal's board.

All of Yahoo's (YHOO)nine director-nominees got the needed votes to serve another term during the company's annual meeting in San Jose on Friday.
However, Bostock received a 20.5% withhold vote, while Yang received a 14.6% withhold vote. Director Arthur Kern had 22.1% of votes withheld while Ron Burkle had 18.8% and Gary Wilson had 18.2%. Kern, Bostock and Burkle are members of the board's compensation committee and had been the target of a 'Vote No' campaign by a group that criticized the group's decisions.

Yahoo faces down shareholders at annual meeting....