Thursday, March 01, 2007

Guardian Unlimited: Plan B for Yahoo!

It's always amusing when shareholders want the boss's head on a spike, and Yahoo Finance has published Yahoo!: Time for Plan B, where Eric Jackson calls for (among other things) the replacement of Yahoo!'s chairman and CEO, Terry Semel.
Jackson owns 45 shares in Yahoo, and has put himself up for a directorship.
According to the AP story:
Jackson announced the finalized plan online beside a picture of Martin Luther King Jr. delivering the "I Have a Dream" speech. In a YouTube video, he promised to "campaign" for the plan by using the Web, since he doesn't have the funds to wage a traditional proxy fight, which he said would cost $200,000.
"I'll be kissing some babies. I'll be kissing some gray-haired money managers," Jackson said.
For all the stories and more, much more, see Jackson's blog.

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