I attended Yahoo’s shareholder meeting last year and it was “The Circus of Santa Clara”. Some shareholder were hurling f*** y** at Terry Semel - the man responsible for creating the mess that Jerry is in today. Others threw banana peels and still others cried over losing money after buying Yahoo shares. However this year things were different. There was hardly anyone there. All the food remained untouched (see image). Jerry stayed on message, reiterating the strategy. “Yahoo is a great brand, well recognized around the world,” he proclaimed. The company is focused on “driving relevance,” good for both users and advertisers.

He said “Yahoo attracts a huge number of users…500 million users a month…Number 1 or 2″ in every major category used to measure net influence and success and that Yahoo is unique as a platform, that “no other company… has this collection of assets,” that he and his management team “remain very excited to transform” the company. This is was a totally different Jerry from last year, who was silent, hid under the table and passed around memos on human rights in China.

Here are the highlights.

1. Yahoo Chairman, Roy Bostock start by responding to a shareholder who requested that Yahoo execs fill out timesheets to show just how much they’re actually working, he said he’d be more than happy to.

2. Yahoo CEO, Jerry Yang said, Yahoo will continue to invest big, in new technologies and initiatives.

3. Company on track to meet goals set last year despite the fact that no goals were set last year (according to a Wall Street analyst). Nonetheless, the company is on track.

4. Nothing was said about Microsoft.

5. Yahoo CFO, Sue Decker talk about expanding on user experience, the transition to mobile and new display advertising algorithms that will go into effect later this year.

CNBC.com Empty seats at Yahoo shareholder meeting.

Unlike last year only a few people showed up at the San Jose Fairmont. Jim Goldman of CNBC estimates that there were 200 people and that the place was set up for 1000 people. “It’s bordering on shocking. After all that was made of the bitterness and disappointment over Yahoo’s botched deal with Microsoft”, said Goldman.

Images: Jim Goldman, CNBC