Investors railed yesterday against Yahoo Inc.'s management team in an unusually rowdy session of the search engine's annual shareholders' meeting. Angry investors interrogated CEO Terry Semel over his $107.5M paycheck and the company's slumping stock price, which fell 9% in the last year. A third of shareholders mutinied in protest, voting against the company's otherwise uncontroversial proposed slate of directors.
A proposal to halt Yahoo's censorship of its Chinese portal also fell short, receiving only 15% of votes. Watchdog groups have chided the web portal for "de-listing" certain websites from its Chinese-language version, and for providing copies of political dissidents' e-mails to the Chinese government.