Eight months ago, Yahoo!CEO Jerry Yang had a chance to sell his company to Microsoft for $43 billion. He refused. Now Yahoo's market value stands at $18 billion. This raises a question: Why is Jerry Yang still running this company?
He has no one to blame but himself.
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Yahoo's Jerry Yang steps down as CEO.
Nov 18, 2008 | Updated: 12:44 p.m. ET Nov 18, 2008
Member Comments
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Posted By: phoebelff @ 12/15/2008 7:12:35 AM
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Posted By: zeth006 @ 11/24/2008 2:49:31 AM
Relax, Likeitis. Even if he'd agreed to the deal, anti-trust lawyers would've been all over this one.
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Posted By: LIKEITIS @ 11/21/2008 3:48:54 PM
THIS IDIOT SHOULD BLEED SOMETHING AFTER SCREWING THE STOCKHOLDERS OUT OF 66% OF THIER STOCKS VALUE BY IGNORING THE INCREDIBLE OFFER MICROSOFT GAVE!
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Posted By: PacificGatePost @ 11/18/2008 7:40:12 PM
YAHOO! NEW CEO CANDIDATES - Please READ the following letter and SIGN IT. We the shareholders require your acknowledgement before making our decision.
http://pacificgatepost.blogspot.com/2008/03/letter-to-ceos-of-fortune-1000-cos.html
While oversight currently means carelessness bordering on abuse, it should mean DUE DILIGENCE, oversight and good governance.
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