«... PAGINA PRECEDENTE
i will be scheduling a call with you soon. in the meantime please find below some talking points for you to use with your teams.
jerry
Talking Points
Carl Icahn today announced his intention to nominate 10 directors to take control of our board of directors at our 2008 annual meeting.
We believe much of what Mr. Icahn said today reflects a significant misunderstanding of the facts about how hard our independent board has worked--and continues to work--to maximize stockholder value. We believe our independent board has the
knowledge, experience and commitment to maximize value for all Yahoo! stockholders.
Soon, we will file preliminary proxy materials with the SEC that will describe the matters to be voted on at the annual meeting, including the Company's nominees for election to our board of directors, and the board's recommendation. Once those materials are cleared by the SEC, we will mail them to our stockholders.
Stockholders, as equity owners of the Company, have the ability to nominate one or more directors for election to the board at the Company's annual meeting as long as they comply with the notice requirements contained in our bylaws. Under our bylaws, today was the last day that a stockholder could nominate a candidate for director.
All Yahoo! stockholders of record as of the closed of business on June 3, 2008, the record date for the annual meeting, are entitled to vote on the election of directors at the annual meeting of stockholders.
There will be lots of media attention and speculation about what happens next for Yahoo! We ask that you put the rumors and speculation aside and stay focused on the business at hand. We are at a very important time in our Company's history.
Yahoo! is strategically positioned for accelerating growth and profitability because of our powerful
combination of assets: our global brand and scale, unmatched audiences, global leadership in online advertising, strategic positions in Asia, leadership in mobile and emerging markets, and world-class people and technology.
The Company continues to execute well against its strategic and financial plan.
Our board has explored and continues to explore a variety of strategic alternatives and remains committed to considering any alternative intended to maximize stockholder value.
We'll do our best to continue to update you as new information becomes available but please remember we are subject to various legal restrictions on what we can say and when we can say it as we work through this situation.
Thank you again for your continued hard work.
