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That's the Jerry you're proud of? No one else has done anything immoral, unethical, or illegal. All either Microsoft or Icahn are trying to do is unlock the value that's locked inside Yahoo. If that makes them greedy so be it because millions of people will benenfit for their efforts.
Microsoft, from the outset wants to take a bite out Yahoo, and spit the rest back. Icahn wants to break it up and sell it for parts.
So you want to hang Yang, and Yahoo out to dry because you think they could be doing a better job?! Provide suggestions, so your comment(s) can be weighted for measure.
But if you try to enter your information into the 'My Job Location' box it only takes US locations, but does not say this anywhere, you have to work it out for yourself.
Oh... These guys used to work for MS. Nuff said
Yahoo hasn't squandered anything. I assume the money you are alluding to was the buyout cash from the nixed Microsoft deal. While that money that could have been spent by investors on their community (like that was likely to happen anyway...more likely the investors would have spent it on their yacht) or on "other ventures," Yang et al. decided to forgo the cash because they felt it undervalued the value in Yahoo. Microsoft and Icahn want to unlock the value in Yahoo because they want that value for themselves. That is greedy. Yahoo and Yang said that they are going to have to pay more because they are undervaluing Yahoo. There is nothing illegal, unethical or immoral about that.
Also, judging from the lifestyles of investors, I would have to doubt that Icahn's bid would benefit millions of people; instead, it would benefit investors, and their Mercedes dealer, and their country club...
Icahn has nothing else in mind than to make as much money as he can, come HELL or high water. He doesn't give a hoot about Yahoo and will run it into the ground as he did with TWA.
Monopolies are never a good thing, no matter how benevolent a company seems initially. Competition keeps power distributed and people honest. I would dearly love to see Yahoo continue to grow, even if it's alongside Google, because their very presence will act as a check.
However if Microsoft takes them over [using the poor job that MS has done at making inroads into this market - it speaks volumes that even given their monopoly of the desktop and ubiquity within the PC industry they have largely failed at search] it would mean the deathknell of Yahoo over time, and many people would both initially and ultimately lose their jobs.
Personally, I was hoping that Jerry sold, because the cost of buyout and the lack of return on investment and the masive energy it would have taken MS would have sped up the process of the downward slope that MS is on. And no MS in the PC industry is a good thing for competition and fairness IMO. But like Jerry, I don't want o sacrifice Yahoo to achieve that.
- by benjaminstraight July 31, 2008 3:55 AM PDT
- Cool site.
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