It's time for Jerry Yang to step aside. I know Jerry probably doesn't want to hear that and it's difficult for the Yahoo faithful to come to that realization, but there isn't any other option available to him.
In the past 24 hours alone, we've discovered that Microsoft and Carl Icahn have been chatting it up on numerous occasions; both Ballmer and Icahn want Yang gone; and Icahn is a firm believer that the only way to fix Yahoo is to sell it Microsoft. All the while, we haven't heard anything from Jerry Yang and company and the employees are left wondering what's happening to their employer.
Of course, the answer is quite simple: it's being torn apart by a greedy and jealous CEO who looks like he has no regard for his shareholders, while another force, Carl Icahn, is showing his own greed and trying desperately to get out from under this albatross with some sort of financial gain.
But in the end, the writing on the wall is suddenly so clear: Yahoo needs to go to Microsoft as soon as possible and Jerry Yang and the rest of his cronies on the board need to be ousted just as quickly. And whether he wants to believe it or not, it better happen before the August 1 board meeting.… Read more