At Yahoo’s annual meeting in California, Chief executive Jerry Yang succeeded to win the support of 85% investors.

However, some investors criticized the firm on not to agreeing a $47.5bn buyout offer from Microsoft.

During the meeting, a shareholder Eric Jackson of Ironfire Capital asked Chairman Roy Bostock to step down from the post.

“Bostock must do an honorable thing and resign from the board,” stated Eric Jackson, an investor from Ironfire Capital.

Eric also accused that Bostock overplaying his hand with Microsoft.

Mr Bostock said that there was a great deal of misunderstanding the way Yahoo dealt with the software giant.

“The process of dealing with Microsoft was controlled by the board right from the beginning,” Bostock said.

More than 80% shareholders voted in favor of Bostock re-election.

The billionaire investor Carl Ichan didn’t attend the meeting as he was threatened to replace the board at the annual general meeting.

After getting an offer of two seats for his two nominees on an enlarged Yahoo broad, Ichan changed his mind some time back.

In January this year, Microsoft offered a buyout to Yahoo and at last ended the talks in May after the rejection of an improved offer by Yahoo.

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