Jerry Yang and the Yahoo! board took some heat at the company's annual shareholders meeting, with participants questioning whether the executives should be making as much money as they do, asking why Yahoo! continues to lag behind Google in search, expressing concern over the failed Microsoft deal, requesting resignations, and also giving the company a hard time on its China policy.
The issue came up during a question-and-answer session with shareholders after Yahoo! successfully urged shareholders to vote against proposals that would require the company to establish policies on Internet censorship and create a committee on human rights.
Despite the failure of those two proposals, Yang insisted that Yahoo! is "a leader now in Internet human rights efforts."
Congressional hearings in 2006 revealed that Yahoo! had provided information to Chinese officials that led to the imprisonment of online activists for several years. Yahoo! has since settled and set up a fund to help cyber dissidents obtain legal aid, but Michael Samway, vice president and deputy general counsel for Yahoo!, admitted to Congress in May that the company has little control over what user information gets handed over to the Chinese government.
As a company, Yahoo! has conducted its own internal investigations, set up a fund to help Internet-related and other human rights abuses around China, set up an internal operating group to gather metrics and analysis about every country with which Yahoo! does business, and has continued to advocate and push for an industry code of conduct, Yang said.
"I want to make sure that you understand that this is about doing what's right and Yahoo! has done a lot since the last shareholder's meeting," Yang said.
That ...