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Yahoo's board wins big endorsement by shareholders

SAN JOSE, California
Fri Aug 1, 2008 5:13pm EDT
Yahoo investor Patrick Sheridan is interviewed as he arrives for the annual Yahoo shareholders meeting in San Jose, California August 1, 2008. REUTERS/Robert Galbraith

SAN JOSE, California (Reuters) - Yahoo Inc's board of directors received strong backing from shareholders at its annual meeting on Friday, with embattled Chief Executive Jerry Yang winning an 85 percent favorable vote.

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Shareholders representing nearly 76 percent of Yahoo's 1.38 billion outstanding shares gave solid favorable votes to all nine of the company's current directors, in what represents a ringing endorsement of their tough stance with Microsoft Corp in this year's talks on a full or partial merger.

(Reporting by Eric Auchard; Editing by Braden Reddall)
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