Skip navigation
MOST POPULAR RELATED TAGS
  • TOPICS
  • SECTORS
  • COMPANIES

Current DateTime: 06:31:46 22 Nov 2009
LinksList Documentid: 24355697
  • Runway Angels

      The superbowl of fashion shows, models walk down the runway at the 2009 Victoria's Secret Fashion Show.

  • The Richest Members of the US Congress

      Recently, the Center for Responsive Politics found that there are 237 millionaires in the US Congress.

  • 10 Tips to Get Out of Debt

      Renowned financial author Gail Vaz-Oxlade takes a tough-love approach to helping couples in a financial crisis to face reality.

powered by digg
See all Play-by-Play postsSee all Closing Bell posts
Text Size
Jun.11
6:06 PM ET
Monday, 11 Jun 2007
Activist Yahoo Investor Gunning for CEO Semel

Yahoo is a top Internet destination -- but that hasn't brought bliss to all of the Web portal's shareholders. One particularly disgruntled stockholder is Eric Jackson, president and CEO of Jackson Leadership Systems. He explained to "Closing Bell" viewers why he intends to hold Yahoo CEO Terry Semel's "feet to the fire" at the company's annual shareholder meeting on Tuesday.

Jackson cited Yahoo's "underperformance" compared with key rival Google: Over the past 12 months, Semel's firm lost 9.78% of its share value, while Google gained 33.19%. And the management consultant said the comparison looks even worse over a 3-year period during which Google has leaped some 300% since its IPO.

CNBC's Maria Bartiromo pressed Jackson to take a longer view: She noted that over five years, Yahoo showed a gain of 245%. But Jackson scoffed at the statistic, attributing it to the "general recovery" in the ad market that "lifted all boats." He believes that "anyone in the CEO's seat" would have enjoyed the ad rally in the months after the dot-com bubble popped.

Web Spinners
Loading...
Loading...
Loading...

Jackson said he's familiar with a "frustration that's palpable -- and institutional": He has spoken to "a bunch of the top ten ten holders" of Yahoo shares, including "some of the largest pension funds" in America.  He said his fellow stockholders are aghast that Yahoo management "missed the boat" on acquisition targets like MySpace (bought by News Corp.), YouTube and DoubleClick (both snapped up by Google) -- and Google itself, for that matter.

The dissident investor said his coterie will urge all shareholders to vote against seven of the ten directors on the board slate Tuesday.

© 2008 CNBC.com

Tools:
PrintEmailAdd This share icon
  • digg share

CNBC HIGHLIGHTS

  • Technology can make or break a fortune in the world of alternative energy.
  • Many people are facing the holidays with substantially smaller incomes. Here’s how some are adapting.
  • Jim Cramer
  • Jim Cramer is a proponent of stocks that pay healthy dividends, and here are his top five dividend plays.
  • From salt, to lip balm to envelopes, it turns out that bacon flavoring can sell almost anything.
  • real estate signs
  • The homebuyer's tax credit jacked sales for a while, but 2010 is looking weak. Now what?
  • CNBC’s technology reporter Jim Goldman guides you through the best gadgets to buy this holiday season.
ADD COMMENTS
Remaining characters


Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29778428

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779196

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779199

Current DateTime: 04:57:05 22 Nov 2009
LinksList Documentid: 29779198
  Data is a real-time snapshot  *Data is delayed at least 15 minutes
Global Business and Financial News, Stock Quotes, and Market Data and Analysis

© 2009 CNBC, Inc.  All Rights Reserved.
A Division of NBC Universal
Thomson ReutersThomson Reuters