Yahoo Inc. is recounting the shareholder vote for its board of directors after discovering that a tabulating firm failed to register the opposition of a major investor.
The revision will not change the outcome of Friday’s election, which retained Yahoo’s incumbent directors despite shareholder anger about the board’s handling of a now-withdrawn $47.5 billion takeover bid from Microsoft Corp.
But the change will add a little more punch to the protest against the Yahoo board.
“It’s important for Yahoo’s board to understand there is still pressure on them,” said Eric Jackson, a hedge fund manager who represents a group of stockholders with about 3.2 million Yahoo shares.
Capital Research Global Investors, which owns a 6.2 percent stake in Yahoo, lodged the inquiry Monday that resulted in the election recount.
