This a.m, while imbibing of my morning coffee, I caught a vid on CBS of Eric Jackson confronting Terry Semel, Yahoo's CEO, about the drop in Yahoo's stock....
Back in January, I posted about Jackson's Yahoo Plan B--a bold attempt to organize stockholders using social media to take action against Semel. He did pretty good with a wiki and several videos Jackson made himself (here's one)
And while things may not have changed at Yahoo, Jackson's getting press in lots of pubs, including Business Week, and the WSJ noted the Board was approved with a low margin...(check out Jackson's Breakout Performance blog to see more reports)
Also check out Kara Swisher's report on the meeting. Kara notes: "Shareholder proposals–centered on performance goals for executives and also on human rights–did not pass, although some got a very high approval vote." So, Jackson wasn't the only shareholder with a proposal (you'll see another in Kara's video below) and it is indeed surprising that the proposals got high approval votes, even if they didn't pass...
It's just fascinating to note the use of social media to make an impact on a corporate board meeting. It may not have changed anything just yet...but there's a generation who's getting very comfortable with these tools....and eventually they'll have their own ideas about CEO salaries and the social consciences of corporations...
Journalism, citizen journalism, media, web 2.0, yahoo social media
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