Yahoo acknowledges error in board election report!
Tiny URL: http://tinyurl.com/6xc7qb
In an interesting piece of drama, Yahoo announced that Broadridge Financial Solutions, Inc., an independent voting intermediary that processes proxies on behalf of banks, brokers and institutions,had made an error in tabulating results from the August 1st shareholders meeting.
Broadridge Financial Solutions, Inc missed out on a truncation error in reporting share numbers that exceeded eight digits.
The interesting thing about the new results is that the % of people who with withheld their vote against Jerry Yang, Roy Bostock and Ronald W. Burkle doubled with the recount - 33.7% 39.6% and 37.9% respectively. Definitely not winning the popular vote among shareholders.
The following table reflects the corrected Broadridge numbers:
The following table shows the original voting results certified by the inspector of elections, as previously reported:
Corporate Election Services, the inspector of elections reported the mistake to Yahoo.
