WRAPUP 3-Big holder Capital Research wants Yahoo vote probe

martes 5 de agosto de 2008 04:29 CEST

* Big Yahoo investor seeks examination of shareholder vote

* Yahoo says accurately announced results of election

* Analysts say dispute unlikely to further weaken Yahoo CEO (Adds comments from shareholder Eric Jackson's blog)

By Anupreeta Das and Eric Auchard

SAN FRANCISCO, Aug 4 (Reuters) - One of Yahoo Inc's (YHOO.O: Cotización) largest and most critical shareholders, Capital Research Global Investors, said on Monday it asked for a probe of last week's shareholder vote, a move that calls into question the strong showing for Chief Executive Jerry Yang.

Yang has been under pressure for months over failed negotiations to sell the company to Microsoft Corp (MSFT.O: Cotización) and regarding questions about his leadership, but Friday's shareholder vote suggested the tide was turning in his favor.

News of questions over the vote was first reported by the D: All Things Digital blog. AllThingsD cited unnamed sources saying two major Capital Research and Management funds holding about 16 percent of Yahoo shares had recommended withholding their votes in favor of Yang in protest over his performance.

Capital Research Global Investors, the fund group led by portfolio manager Gordon Crawford, was more strongly opposed to Yang than its sister fund, Capital World Investors, which was less critical, according to sources quoted by AllThingsD.

Yang received 85.4 percent support in the results announced on Friday, with the remaining votes withheld in protest.   Continuación...