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internal memo

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internal memo

Yang addresses the faithful (and the other Yahoo employees, too)

Yahoo CEO Jerry Yang has written two letters in response to Carl Icahn's attempt to take over Yahoo's board. One addresses Yahoo employees and the other its senior management. Neither feature capitalization. Both suggest Carl Icahn's move to take over Yahoo's board "reflects a significant misunderstanding of the facts," which as Yang see's them are that he and Yahoo's board responded to Microsoft CEO Steve Ballmer's merger proposal with "diligence" as well as "knowledge, experience and commitment." Funny how Yahoo's largest shareholders seem to disagree. Both of Yang's letters are copied below. More »

7:00 AM on Fri May 16 2008
By Nicholas Carlson
1,986 views, 11 comments

Latest by n/a: Jerry may not know his audience as well as he thinks he does. His lowercase missives are the subject of much derision at Yahoo! -- leading to speculation about his "shiftlessness" and "undercapitalization." But Jerry isn't the only one at more »