.jpg "Why Facebook borrowed $100 million for servers")
Valleywag
Yahoo will hold its annual shareholders' meeting on July 3. Investors angry over how Yahoo CEO Jerry Yang the Yahoo board handled merger negotiations with Microsoft — paging Gordon Crawford and Bill Miller — have until next Thursday to do so by submitting an alternate slate of directors to replace the current board. Wall Street analysts don't expect it to happen, reports the Financial Times. Activist shareholder Eric Jackson, the president of Ironfire Capital, isn't listening to them, however.
Jackson told the AP he plans to introduce an alternative slate of directors and turn the July 3 meeting "into 'Independence Day' for Yahoo's shareholders."
It's hard to believe the board could let this happen. I think they completely misconstrued the situation and thought, 'Microsoft is rich, so let's soak them.' They were bluffing all the way and got caught.
Comments
wrong, wrong, wrong......
@princesscrap: be more specific?
Yahoo is a lost cause! They should pay Google to take them under their wing, and show them basic business principles.
You know what? I am hearing the 3 envelope story...a fictitious story of course...yet again:
Jerry had just been hired as the new CEO of a large corporation. The CEO who was stepping down (Terry) met with him privately and presented him with three numbered envelopes. "Open one of these if you run up against a problem you don't think you can solve," he said. Well, things went along pretty smoothly at the beginning, but later, stock price were down and he was really catching a lot of heat. About at his wits end, he remembered the envelopes. He went to his drawer and took out the first envelope. The message read, "Blame your predecessor." The new CEO called a press conference and tactfully laid the blame, forcing a bunch of former execs to quit and gave a 100 day plan. Satisfied with his comments, the press and Wall Street responded positively, things began to pick up and the was soon behind him.
100 days later, the company was again experiencing a dip in growth expectation, combined with perceived strategy issues. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, "Reorganize." This he did, and the stock price rebounded.
After several more months, the company once again got into trouble with shareholder issues with his performance. The CEO went to his office, closed the door and opened the third envelope. The message said, "Prepare three envelopes."
Comrades, the time has come for REVOLUTION! No longer can we allow capitalist pig running dog monkey masters to control the means of data production!
The Yahoo! board, so called, is merely the organized power of one class for oppressing another. The time has come to wrest all control from the board, centralize all instruments of development in the hands of users, and to increase the total development forces as rapidly as possible.
Blow up the matrix! Kill the redundancies! Stop eating peanut butter!
You have nothing to lose but your chains.
@random_play: I heard that.
@random_play: Are you posting for Jackson today?
i think y! is beyond repair. from what i see the jerks and assholes far outnumber humble and talented 9:1 all the way from jerry to the poor guy being nailed by the pager
Who is this pager and how can I get nailed by her too?
@masterofmonkeys: @matto:
If I am not callink for overthrow of ruling monkeymastering class, who vill? Jackson is at big party meeting, cannot contact. Is not possible to find party. Party always find YOU!!
interesting that this mtg is only a few days before they announce what will surely be a difficult Q2, marked by more "headwinds".
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