Jerry Yang's Blunder - Worst Business Decision Ever? [View article]
There are far WORSE decisions that were made (at least YHOO is still solvent & somewhat competitive) but it has to rank high on the "shareholder screwed" list when you consider where the stock price is now and what extra value he attempted to foolishly squeeze out of Microsoft. Now they'll likely get taken out at a much lower price and long-term shareholders will hardly make a gain. Here's hoping he never sits on a board or runs a company ever again (failure)
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There are far WORSE decisions that were made (at least YHOO is still solvent & somewhat competitive) but it has to rank high on the "shareholder screwed" list when you consider where the stock price is now and what extra value he attempted to foolishly squeeze out of Microsoft. Now they'll likely get taken out at a much lower price and long-term shareholders will hardly make a gain. Here's hoping he never sits on a board or runs a company ever again (failure)
Nov 30 16:48 pm
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