Oh Jerry. You so silly.
I guess having your stock fall nearly 15% on over 10x its average daily trading volume is enough to fairly forcibly remove your head from your anus.
May 5 (Bloomberg) — Yahoo! Inc. Chief Executive Officer Jerry Yang said he would be open to another bid from Microsoft Corp. or other companies at a price he considers appropriate.
Yahoo continues to speak with other companies about ways to increase its value, Yang said today in a phone interview with Bloomberg News. While the Sunnyvale, California-based company isn’t for sale, it would listen, “should somebody else come back someday and want to buy the company,” he said.
Yang’s time has come and gone. While I appreciate what he has done for the web and search industry with partner David Filo, it’s clear he has put his pride and ideals before shareholder interests. I suspect this lesson will be taught to Yang in vivid color via the avalanche of lawsuits being drawn up right now.
3 responses so far ↓
Bill // May 6, 2008 at 8:45 am
Does this deal still have a chance?
Jeff Ventura // May 6, 2008 at 9:04 am
Not without Yang getting galactically raped.
Jennifer // May 6, 2008 at 1:27 pm
I’m confused. Why is Yahoo getting bought by someone a good thing? Is it only good for greedy shareholders? Cause that is how it looks like from here…
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