Was He Right?
By Daryl Campbell | May 5, 2008
From Michael Liedtke at the Associated Press
SAN FRANCISCO - Yahoo Inc. Chief Executive Jerry Yang has gotten what he wanted: a chance to prove his company is worth more than the $47.5 billion that Microsoft Corp. offered to buy the Internet pioneer.
ADVERTISEMENTIt will be a daunting challenge, as Yang will be pointedly reminded Monday when investors are expected to show how little they think of Yahoo without a takeover bid on the table. Faced with resistance from Yang and the rest of Yahoo’s board, Microsoft withdrew its offer over the weekend.
Apparantly fighting off a hostile bid doesn’t carry the heroism it used to. Either shareholders thought the price was right or they are really nervous about Yahoo’s future. Both right?
(read more Yahoo CEO on hot seat…)
Jerry Yang, microsoft, yahoo
Topics: News |
