wiseguy001

It's Official: Jerry Yang Has Won

How do you "respect" a "entreprenuer" and "board" who have managed to take a $34/share guaranteed offer and whittled it down to $20 in less 6 months???? Forget about how likeable the guy is and that he founded this wonderful company...that's not the point now. He and the board have a fiduciary responsiblity to maximize shareholder value for investors. This obviously has not happened and the market is betting that it won't in the near to mid term...just look at the price today... Why would any investor support a weak management team and challenged company in place of a $34 firm offer??? It's no wonder a lot of these so called "institutional money managers" can't even beat the S&P