Salman Khan celebrated his 60th birthday on December 27, at his farmhouse in Panvel, on the outskirts of Mumbai, surrounded by close friends and family.
In a letter to shareholders late night, Bostock and three other directors -- Vyomesh Joshi, Arthur Kern and Gary Wilson -- have volunteered not to stand for re-election to the company's board.
Yahoo!'s fired chief executive officer Carol Bartz blasted the online media company's board of directors in a no-holds-barred interview with Fortune magazine, calling the people who fired her 'doofuses'.
Referring to information in a shareholders' lawsuit brought against Yahoo, he said the complaint showed that Yang and a majority of the board had gone to 'inordinate lengths to sabotage a Microsoft bid". Portions of the lawsuit were unsealed by a Delaware judge on Monday, despite the objections of Yahoo attorneys. In January 2007, Yahoo had rejected Microsoft offer to purchase Yahoo at $40 per share.
Yahoo! has rejected billionaire investor Carl C. Icahn's accusations that the Internet company's board of directors had acted irrationally in what he called the "botched" merger negotiations with the Microsoft.
The Internet major said the corrected vote tally showed that nearly 34 per cent of votes cast were withheld against Yang, more than double the originally reported figure of 15 per cent. About 40 per cent of votes were withheld from Chairman Roy Bostock - nearly twice the figure previously reported.This shareholder revolt could see a stronger call for Yang to step down. His disapproval has now dropped down to the range that former CEO Terry Semel experienced during last year.
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances