Throw the Yahoo! CEO and board away!
Even though I no longer work for the company, my heart is with them. Almost 6 years of my life, people I love and respect,
dreams of doing something great, kicking GOOG's ass, some of which came true. And because of that, I can't quietly see how
pathetic incapable management drives the once prosperous and respected company into nowhere. I was proud to put the Yahoo! licence
plate cover on all my cars, and wear Yahoo! T-shirts anywhere but not any more...
Yesterday, the protracted and fruitless dances of MSFT around YHOO finally gave birth to the most pathetic deal for YHOO one could ever imagine. Carol is by far the worst in a trio of Semel-Yang-Bartz. Semel was overpaid and stupid enough not to take 43$/share from MSFT but at least he realized the need to keep techology in-house and not outsource to GOOG. Yang was stupid enough to ignore the obvious that $35 is the best YHOO could ever get and was crying over his dying baby not letting it go. Bartz in the mountain Everest of stupidity let the cash go, technology go and people will go too. What will you do Carol then, become a new AOL with sales force powering ad sales?? PATHETIC! And GOOG so graciously offering to "help" YHOO last year is the main beneficiary. How could anyone suggest that the deal is neutral for GOOG? It is outright great: nothing to fear, no competition, would anyone expect that MSFT's so called successful Bing that has less than 10% market share and now non-existent YHOO search can compete? Please. Only thing I regret is that I still hold shares in YHOO, maybe I would have been less pissed. BUT PLEASE, lets have this crapy CEO and no less crapy board GO at the next shareholder meeting!!
Are we for real paying someone 19M$/year salary to sign-off on deals like this? Or take Yang with a Yang building donated to Stanford or Semel with a Semel building donated to UCLA -- these guys made way too much so now we will have to remember them for a while. But the truth is
that none of them was capable to drive the company to success, and this is what the company needs now before it is too late.
I am sorry Yahoo, sorry about that you are being so miserably mishandled...
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