Talk is Cheap

A New Numbers Problem at Yahoo

Achates,
Why is it not a huge swing? Jerry going from 14% withheld to 33%, Bostock from 20% to 39%, Burkle from 18% to 37% is indeed a huge swing. The number of people who cast the votes do not matter. What matters is the number of votes. When people put their money in Mutual Fund, they transfer their right to vote to the fund manager and fund manager basically represents many people who have invested money in their fund.
The funds normally have huge stakes in companies and are in it for a long haul. They cannot offload 15% Yahoo shares in a few seconds like retail investers can.