Yahoo Shareholders Defeat Proposals On Exec Pay, Human Rights
Shareholders at the annual meeting of Yahoo voted down proposals to control executive pay and challenging the company's human rights policies in China, a supervisor of the votes said on Tuesday.
Meanwhile, several company-sponsored proposals received solid majorities, including plans to expand the share count for use in employee stock option plans.
The closest vote, calling for executive compensation to be based on superior performance versus peers in the internet industry received around 34% in favor but roughly 62% against, according a spokesman overseeing the vote.
The proposal had been put forward by the United Brotherhood of Carpenters Pension Fund. The three independent proposals had been opposed by company management.