Report update: Yahoo receives 50% support this proxy season

Report update:  Yahoo receives 50% support this proxy seasonDownload PDF

Total failures for the season now stand at 51 (or 2.7% versus 1% in 2011), with no new additions since our last report. We discuss Yahoo in our “Vote of the Week” – the company received 50% support (49.86% including abstentions as ‘against’ votes; 50.13% excluding abstentions as ‘against’ votes), which represents 20% less support this year. Yahoo’s vote is likely attributable to continued concerns over company performance, coupled with concerns over severance payouts and changes made to compensation programs in 2011 and 2012.