Yahoo shareholders reject censorship, executive pay proposals

They also re-elect all board members at shareholder meeting Tuesday.

Yahoo shareholders on Tuesday rejected proposals that link executive pay with the company?s financial performance; oppose Internet censorship demands from China; and establish a human rights committee.

Shareholders also re-elected all the board members, snubbing a request by three proxy advisory firms to protest Yahoo Chief Executive Terry Semel's $70 million compensation package by kicking several members off the board.

The company is struggling in the face of formidable competition from Google in the search advertising business. Yahoo also has been sued over the jailing of a Chinese journalist who was arrested and sentenced to 10 years in prison after Yahoo provided information to the government.

 

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