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yahoo shareholder
4 Comments
Yahoo vs. Tech Stocks: Sad Snapshot
Jerry Yang needs to be fired for cause and resign from the board and any golden parachute be withheld. I am contemplating suing the board of directors for breaching their fiduciary duty to me as a shareholder. They should have accepted the deal or in the very least allowed the issue to be voted on by the shareholders.
Yang Exit Would Show Yahoo Is Serious About a Deal
1) It was a good step of the current board to say they are open to discussions - bad that Yang hasn't made statements that he is open to a deal - very bad. Yang needs to make a press release that he will support an offer of $33 a share.
2) The current board offers 4 board seats to Icahn to withdraw his proxy bid. Icahn gets one, and he gets to handpick the other three. Cuban is business savy to say the least.
3) Yang announces that he will step down as CEO if Icahn accepts the 4 board seats. Yang keeps his board seat - he did help found the company after all.
4) Microsoft announces that if yahoo gives Icahn 4 board seats, they will offer 33 a share to the new board (which is more than the previous offer given the google deal tie ups).
Perhaps it is wishful thinking, but aside from a merger it is going to take a long, long time for yahoo to trade at $33 a share.
Microsoft Signals It Would Rather Talk to an Icahn-Controlled Yahoo
I Think Microsoft Is Bluffing on Yahoo
What do they call what they have done?? hahahah First turning down 37 a share, then 31, and finally turning down 33 a share and for what, $23.50 a share that it currently is trading at as I type this comment?
I hope the entire board gets replaced and will be putting all of my votes for Icahn's board.