How does Jerry Yang keep his job?
One can only shake one’s head in wonder. In early 2008, Yahoo CEO Jerry Yang incensed many of his shareholders by rejecting a Microsoft takeover offer at US$33 per share. Microsoft walked away from what seemed to many to be a badly overplayed hand by Yang. Yahoo then tried to do a deal with Google, replacing Yahoo’s search engine with Google’s, in return for an estimated US$800m per year in advertising commissions. The US authorities balked at that on anti-competition grounds, and Google has walked away, too.
So, now that Yahoo’s share price is under US$14, what does Jerry Yang say?
“The best thing for Microsoft to do is buy Yahoo.”
Unbelievable! How does this man keep his job?
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November 18th, 2008 at 2:47 pm
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