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Yahoo spites Microsoft with board vote delay

Originally due to be held on March 14th, the nominations process has been delayed by ten days following the announcement of Yahoo's annual shareholders meeting.

Some sources are speculating that the delay is possibly a move to hold off Microsoft as long as possible while Yahoo's business continues to deteriorate and its executives flee, reports the New York Post.

However, Yahoo chief executive Jerry Yang, said in an email to staff: "Microsoft, of course, could still choose to name directors, but our objective here is to enable our board to continue to explore all of its strategic alternatives for maximising value for stockholders without the distraction of a proxy contest."

A source speaking to the paper revealed that Microsoft chief executive Steve Ballmer was likely to be fuming about the tactic.

"Ballmer is just one of many highly emotional people involved in this. Microsoft has been trying to avoid going completely hostile, but now it is going to get completely hostile."

Yahoo rejected Microsoft's takeover offer last month of $44.6 billion. ADNFCR-1536-ID-18499595-ADNFCR