Yahoo shareholders (and perhaps Microsoft and Google shareholders, too, for that matter) might want to consider clearing their calendar for a special event.  Yahoo’s announced that it will hold an Investor Day/Analyst Day meeting on Wednesday, May 26th.

The meeting should last from around 8:00 AM to 3:00 PM California time, and a live view of the proceedings will be available here.  Lots of important Yahoos should be on hand and take turns talking, including Carol Bartz, Tim Morse, and Hilary Schneider.

If you’d like to know what specific subjects they’ll be discussing, Yahoo’s stated they’ll speak about the company’s "strategy, business priorities and progress."

Obviously, these are both important and controversial topics, and no matter how much time Yahoo’s spent massaging the guest list (an invitation’s necessary in order to attend the event in person), Yahoo’s execs are sure to face some tough questions.

We’ll try to relay the most interesting responses in the event you can’t or don’t want to set aside a whole day to hear their answers for yourself.  In the meantime, here are a few relevant (and unfortunate) pieces of information: Google’s stock declined 3.93 percent today, Microsoft’s stock fell 4.00 percent, and Yahoo’s did worst of all, dropping 4.39 percent.