GO
Loading...

Enter multiple symbols separated by commas

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.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Jac Jagaciak

    One of Victoria's Secret's newest "angels," Monika "Jac" Jagaciak, talks about what it's like to be a lingerie model and her craziest shoot.

  • Jessica Alba

    The actress' company got burned after consumers came out in droves, saying the company's sunscreen doesn't provide much sun protection at all.

  • Joe Biden and Hillary Clinton.

    Clinton's allies do not hide their annoyance at the implication by Biden's advisers that she is vulnerable. The NYT reports.

U.S. Video

  • Bullish case for the market

    Discussing the impact of oil price on the stock market, with Brian Belski, BMO Capital Markets. He forecasts the S&P 500 at 2,250 by year-end.

  • A win for renewable energy?

    Is now the time to jump in clean energy stocks as President Obama unveils America's clean power plan? Michael Morosi, Avondale Partners senior research analyst, discusses the impact on the solar industry.

  • President Obama's clean energy plan

    President Obama wants to stop carbon pollution in America. CNBC's John Harwood outlines the clean energy plan.