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Trouble Brews for Yahoo Board

Monday, 5 May 2008 | 10:37 PM ET

Yahoo! shares tumbled 15% after Microsoft abandoned its bid for the company. Some shareholders are upset by the turn of events. Among them, Eric Jackson, president of Ironfire Capital. He is leading a group of shareholders, who collectively own 2 million Yahoo shares, to withhold their votes in the upcoming general meeting. He updates CNBC's Maura Fogarty on the situation.