Investors Clash With Yahoo CEO

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. (More Yahoo stories.)