Major Yahoo shareholders still want blood from CEO Jerry Yang, chairman Roy Bostock and director Ron Burkle, whom they hold responsible for botching negotiations with Microsoft. BoomTown's Kara Swisher predicts that at least one large fund manager will refuse to vote for their reelection to Yahoo's board during the company's annual meeting, August 1. Activist investor and president of Ironfire Capital Eric Jackson wants to take it further.

Yahoo will hold its annual shareholders' meeting on July 3. Investors angry over how Yahoo CEO Jerry Yang the Yahoo board handled merger negotiations with Microsoft — paging Gordon Crawford and Bill Miller — have until next Thursday to do so by submitting an alternate slate of directors to replace the current board. Wall Street analysts don't expect it to happen, reports the Financial Times. Activist shareholder Eric Jackson, the president of Ironfire Capital, isn't listening to them, however.