June 26 - 12:45am EDT
Yahoo CEO Jerry Wang and Chairman Roy Bostock on Wednesday sent a letter to shareholders explaining the June 12th deal with Google, as well as clarifying its negotiations with Microsoft, who recently made a bid for the search and advertising giant. Yahoo writes that the "carefully structured" agreement with Google will add $250 to $450 million in incremental operating cash flow for the company during its first year of operation. [full story]
March 4 - 9:55pm EST
Apple shareholders today produced a plethora of questions for company executives at its annual shareholders meeting in Cupertino, CA. Taking that stand was CEO Steve Jobs, COO Tim Cook, and Ron Johnson -- Apple's head of retail operations. Jobs and others answered questions regarding the prospect of entering into direct competition with Microsoft in the PC gaming industry, potential .Mac expansion, iTunes media availability, the idea of a successor to Steve Jobs, iPhone availability in Asia, Macs in the business realm, Apple retail stores, and more, according to AppleInsider. [full story]
March 4 - 5:10pm EST
Apple shareholders today approved a non-binding resolution requesting the board of directors to provide shareholders with input on executive compensation. The proposal required a majority of votes from shareholders to pass, while another shareholder proposal to create a board committee on sustainability and environmental protection was rejected, according to News.com. Scott Adams, who represents the AFL-CIO, asked shareholders to demand a "say on pay" as a result of uncontrolled executive compensation. [full story]
February 29 - 4:40pm EST
Apple's cash reserve of $18.5 billion could benefit shareholders in a big way moving forward, according to BusinessWeekcolumnist Arik Hesseldahl. The cash amounts to $21 for each share of company stock, and Hesseldahl believes Apple should return some of that money to shareholders in the form of a buyback. "The time to buy back Apple stock is now," he writes. Shares are 40 percent below a historic high, and Wall Street is focusing on concerns that Apple will suffer as the economy slumps. [full story]
February 15 - 6:05pm EST
Yahoo's board of directors is torn between those seeking profit and others who would make an emotional decision to reject Microsoft's buyout attempt, according to sources cited by a report from the New York Post online. Yahoo chief Jerry Yang and several followers are allegedly seeking an alternative to Microsoft's takeover bid of $44.6 million, and could act out of emotion rather than their fiduciary duty to the company's shareholders. "The emotional part of Yang would rather do anything but sell to Microsoft, but he doesn't have the cards to come up with a value-creating, competitive alternative for shareholders," said one source. [full story]
February 15 - 1:45pm EST
Microsoft's attempted acquisition of Yahoo! has gotten a bit more contentious. Bloomberg reports that a group of Yahoo shareholders have jointly filed a lawsuit against the search company for rejecting the $45 billion offer from Microsoft. Michigan's Wayne County Employees' Retirement System, which owns a relatively small 13,000 block of shares of Yahoo claims in the suit that the company failed to enter into substantial negotiations with Microsoft. "The board of directors is continually evaluating all of its strategic options. Our board believes the Microsoft proposal substantially undervalues Yahoo," Yahoo spokesperson Diana Wong told Bloomberg. [full story]<< first1last >>
