proposal

CNet Networks responded to hedge fund JANA Partners' aggressive proposal to takeover the company upon acquiring a majority of shares in the company. CNet called JANA's proposal "improper" and indicated that a takeover would not add value for stockholders.JANA Partners issued an announcement this morning and filed with the Securities and Exchange Commission its intent to submit proposals to amend CNet's bylaws in order to increase the size of the board of directors from eight to thirteen. The move came after JANA acquired 21 percent, or a majority stake, in the company.

Not that there's a potential conflict of interest or anything, but Cisco, or at least Mary Brown, Cisco's Director of Technology and Spectrum Policy, sounds insulted by Google's attempt to strong arm the FCC into imposing a certain set of rules on the upcoming spectrum auction.

Time's running out for FCC Chairman Kevin Martin to set rules for the 2008 spectrum auction, and it looks like he's sticking with the half-concession he originally made regarding open access. And whether or not Google will bid is up in the air.

The U.S. Treasury Department wants to crack down on Internet businesses like eBay and Amazon.com and require them to share their customer's personal data with the Internal Revenue Service.

Recently, a number of groups that own shares in Google put forth a shareholder proposal that would require Google to resist government censorship efforts, and to notify users when consorship had occured despite Google’s best efforts. Wenesday, Google’s board of directors issued a recommendation that the proposal be voted down, ensuring the proposal will never have a chance, since the big three of Page, Brin and Schmidt hold 66.2% of all voting power.

This is part 4 in a ten part series.

About a month ago, I did a post about a fellow who is working to raise money and media attention in order to secure a sponsor for a marriage proposal during the Super Bowl, "One Super Proposal".

Senator John McCain, Republican from Arizona has recently introduced legislation that if passed could have major implications on the blogosphere. The proposal called "Stop the Online Exploitation of Our Children Act" would require Web sites to remove user profiles posted by sex offenders. In addition commercial Web sites and blogs would be required to report illegal images or videos posted by their users or face a fine of up to $300,000.