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Yahoo! Shareholders In Favor of Selling

3226026 Shares
  • Start Date:
    2-10-2008
  • Last Pledge:
    10-9-2008

Description:

Issue:

 Yahoo! is a great company and brand.  Last year, when our grassroots shareholder group was formed, we advocated rapid action to turn around the company so that it could stay strong and independent.  Although some changes have taken place, including installing Jerry Yang as CEO last June, there have not been enough.  As Wall Street lost confidence in the company based on the results and a lack of strategic direction, the stock price dropped below $20.  Microsoft made a $33 offer for the company, which Yahoo!'s board has deliberated and rejected.  Shareholders have had to live with the consequences of this poor choice.

Belief:

We believe that the Yahoo! board does not have the moral authority to represent our views as shareholders in discussions with Microsoft or any other company who wants to buy Yahoo!  At the last annual meeting in August, Yahoo! shareholders again voted in record numbers "against" several Yahoo! directors including Chairman Roy Bostock and CEO Jerry Yang. 

If we remain isolated, disenfranchised shareholders (whether we an individual owning 1 share or we are a large institutional investor owning thousands of shares), we are powerless to control how Yahoo!'s board acts in getting the best possible outcome for us.  If we band together, we can control our own destiny.  Together, we can encourage Yahoo! to change for the better and maximize our shareholder value.

I pledge to...

add my Yahoo! shares that I own to this "Yahoo! Plan B" Group in order for the group to negotiate the highest possible price for my Yahoo! shares.  I realize that this is an informal pledge, but I represent that I truly own the Yahoo! shares I say I do and am willing to be contacted to verify this.  I understand that Eric Jackson or someone else from the "Yahoo! Plan B" Group will contact me later about the best possible price they are able to negotiate from a buyer, before I will agree to tender my shares.

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I would love to sell my 87 shares!

Yang and the so called independent BOD can put their job security first while not giving a dammmmn thought on what poor shareholder thinks.

Wall Street's greedy MM can manage the price whatever way they benefit most.

But we, individual shareholders, refuse to be the victim. We have the most powerful weapon: don't use Yahoo's service, never click one ad on yahoo website.

Longs: this is your chance to get MSFT back. Thinks about Oracle and BEA. Price will be low only for 2 months.

Shorts: this is your way to fight Wall Street's squeeze.

United we stand. Our powerful weapon will make their 6%, 8%, 16% shares as zero.

I pledge my measly 200 shares toward replacing the current Yahoo board. Microsoft's offer was very reasonable, particularly considering that Yahoo stock was trading in the $19's at the time of the first offer. The raised bid to $33 was a good will gesture. Doesn't the Yahoo board get it that the market values the share price, not the directors. Just what form of negotiation is it to insist on your predetermined, unfounded $37 price, Mr. Yang? Now, the current bungling board must go to revive the deal.

The people who run this Company are completely out of touch with the concept of fiduciary duty. They have destroyed shareholder value over a period of time and yet must feel they deserve more time. They deserve to be thrown out.

I just pledged my 6000 shares. What YAHOO did was a breach of their fiduciary duty. I want my $33 and I want it now!!!

They're not much, buy my 100 shares are as good as sold!

My wife and I pledge our 1200 shares

I believe it was only pride that caused them not to take th $33 offer

I read on this blog that people were having trouble getting the validation email delivered by Yahoo mail so I signed my pledge with my Yahoo mail address.

Guess what, after signing up, waiting 24 hours, asking the website to resend the validation email, still nothing. So not only are they killing my share price, they seem to be filtering my email.

AS A SHAREHOLDER I AM DISGUSTED WITH THE ARROGANT
POSITION THAT MR YANG HAS TAKEN IN NEGOTIATING WITH
MICROSOFT. THE COMPANY WILL CERTAINLY LOSE 1/3
PERHAPS MORE OF ITS MARKET VALUE. THE CURRENT
MANAGEMENT TEAM AND THE BOARD SHOULD BE ASHAMED AND
SHOULD BE HELD ACCOUNTABLE FOR NOT EXERCISING THEIR
FIDUCIARY DUTY TO PUT THE MATTER TO VOTE BEFORE
SHAREHOLDERS. THEY INSTEAD CHOSE TO FAVOR MR. YANG'S
EGO. NEITHER HE NOR THE BOARD HAVE A PLAN TO TAKE THE
STOCK TO $37. FOLLOWING MICROSOFT WITHDRAWAL, THIS
VALUE ($37) WILL NEVER BE REACHED ANY TIME SOON, IF
EVER. THIS IS A CASE THAT PUTS IN DISGRACE
YAHOO'S OWN CORPORATE GOVERNANCE GUIDELINES

"These Corporate Governance Guidelines reflect the
Board's commitment to monitor the effectiveness of
policy and decision making both at the Board and
management level, with a view to enhancing long-term
stockholder value."

MR. YANG. PLEASE TELL US WHEN AND HOW ARE YOU GOING TO
GET TO A PRICE OF $33 PER SHARE

WE SHOULD NOT WAIT UNTIL JUNE. WE SHOULD IMMEDIATELY ASK OF THE BOARD TO RE-ENGAGE WITH MICROSOFT AND AGREE TO MSFT'S BID.

Mr. Yang, I shocked by the Board's rejection of a such generous offer from Microsoft... BUT I have a good news for You: SIR, since you're considering $33 a share as an "undervalue", I pledge to sell - just for you! - my 1,900 shares of Yahoo for a Bargain Price of $33/sh. Congrats Jerry, contact me ASAP! ichernin@comcast.net

I PLEDGE 3000 SHARES

unless the ceo has a better offer on the table,yahoo should buy our shares for 33.00,

I already pledged my puny 500 shares. I urge everyone else to do the same.

I feel that Yahoo's board showed disrepect to it's shareholders and it is time to show them our displeasure

The billionaires on the board don't care about us small investors. $33 a share was a godsend.

Don't just read this page. Sign your shares up. This is the only chance we have. WE CAN make a difference. There are enough institutional shares that would vote with us, even though Yahoo may continue to keep some of those investors in their pockets for now. TOGETHER, we and some of the big boys, can force a deal through, or at least unseat the whole Board at the next meeting. DON'T GIVE UP!

It's a shame they didn't take the deal.

This BOD needs to be unseated!. I will vote my shares accordingly.

Funny how the validation email went directly into the bulk folder of my yahoo email account. I guess yahoo doesn't want the retail shareholders like us to unite and join this campaign.

Thank you Eric for starting this.

only above 31$ per share

Great job Eric! Shareholders need to unite to stop a manipulative Yahoo board more interested in their egos and pocketbooks than our interests. I'm with you until Yahoo ceases to exist and we get a fair return for our patience while being robbed by Terry Semel, Arthur Kahn, and the rest of these thieves.

DISMISS THE SHARE HOLDERS !!!
MICROSOFT THAT'S ENOUGH

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