By Nicholas Carlson, 12:20 PM on Tue May 6 2008, 1,438 views (Edit, to draft, Top, Slurp)

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Yahoo chairman Roy Bostock told reporters that shareholders supported Jerry Yang's decision to refuse Microsoft's bid for the company, even when it reached $33 per share. But yesterday, major shareholders Bill Miller and Gordon Crawford — who combined control about 13 percent of the company — said they did not agree with the way Yang handled negotiations. In this excerpt from Yahoo's own Tech Ticker, Sarah Lacy asks Yahoo president Sue Decker, "Who are these institutional shareholders who are supporting $37, $38 per share? Can you shed any light on that?" Watch as Decker explains that what Bostock really meant is that Yahoo's board supports Yahoo's board, which only really ever told shareholders about Microsoft's $31 per share offer. "And that's the end of the story."