Valleywag
Yahoo CEO Jerry Yang has not been replaced by chairman Roy Bostock, Kara Swisher reports. Yang's reputation, however, has taken a severe tarnishing. How far has his reputation fallen?
Let's put it this way: He's been reduced to taking on the New York Times over whether or not he celebrated the end of Microsoft negotiations with high-fives. Times reporter Miguel Helft, who wrote that "High-fives were exchanged Saturday afternoon when [top management] learned Microsoft was backing down," later interviewed Yang and reported the following:
[Yang] did want to address what he said was a misconception: that Yahoo executives celebrated the news of Microsoft's withdrawal and viewed it as a victory. "I was not witness to any celebration, and we do not consider it a victory. I would have been personally very happy to do a deal with Microsoft," he said.Now Yang sounds like the kid from Shane. "Don't go, Steve! Don't go!" (Photo from Yodel Anecdotal)
Comments
"I was not witness to any celebration". That sounds like weasel words if I ever heard them.
@hookedonredbull: "Because my vision was momentarily blocked by the sting of bitter tears?"
Does the shareholder or the employees really cared if they high-fived or not? What's material is the outcome.
Is it "Deal or no Deal?"
We heard what the banker had to offer: $33 per share. Jerry said "No deal". And the banker ran... He thought he can open up more cases. And I guess Jerry never had the $45 billion briefcase to start with.
Start a discussion:
Login with your username and password below. Or comment on this post via email.
Forgot your username or password? New User?