Now I’m no financial expert, but I assume all Yahoo stakeholders are lighting torches and grabbing pitch forks as I write. I’m sure Jerry Yang is not solely responsible for the 14 Billion dollar decline in Yahoo’s value but you can be sure he will be the one that they point the fingers at.
From CNN , read the full story
SAN FRANCISCO, California (AP) — Yahoo shares fell more than 16 percent Monday as hopes for the once-dominant Internet icon dimmed following Microsoft’s withdrawal of a $47.5 billion takeover bid.
Yahoo chief executive Jerry Yang faces a battle to save his job, analysts predict.
The sell-off wiped out nearly half the gain in Yahoo’s stock price since Microsoft made its initial offer on January 31 in an effort to challenge online advertising and search leader Google. The downturn left Yahoo’s market value about $14 billion below Microsoft’s last offer.
He should take a long hard look at himself in the mirror and say WTF just happened.
This post is tagged google, jerry yang, takeover bid, yahoo shares
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