Yahoo Focused On The Past

Angry shareholders voted down proposals to tie executive pay to competitive performance and challenged the company's human rights policies in China at their annual meeting. The meeting was focused on the past three years and a little about the how the company intends to respond to Google's growing dominance.

"I am going to sell all my shares!" said Dotty Webber of Sunnyvale, CA. "He was talking about macaroni and cheese and how people like to eat it. There was nothing about their internet strategy. I went to the Google meeting and Eric Schmidt talked about how Google plans to help the world with the internet."

There was very little said about search, online advertising or Panama. Little to no mention about the acquisitions such as RightMedia or inroads Microsoft is making. No mention about the growing influence of MySpace among brand advertisers or the lock YouTube has on online video. "I don't see much change going forward, the performance of the past three years is set to repeat itself", said Eric Jackson, President, Jackson Leadership Systems. Jackson is a shareholder activist and has a even launched a campaign on YouTube against Terry Semel.

There was more talk about the human rights violations in China and Yahoo's efforts to change that. "They see this as a problem and are looking into it", said Patrick Doherty, Comptroller, The City of New York. A memorandum was issued outlining Jerry Yang's view on human rights to all.