Dear Yahoo! You're Fired!

jimbokun wrote: post #4

Mark Cuban looks like the only guy on the proposed slate of directors with any direct experience running a web/software business.

Hilariously, his company long ago was sold to Yahoo, and he promptly ditched his shares. He didn't want anything to do with it then.

Re: Dear Yahoo! You're Fired!

#7

Post by Xichekolas » Thu, May 15, 2008, 6:50 PM UTC

And now we have all learned to never piss off Carl Icahn... the dude swings with a big bat:

> "I have therefore taken the following actions: (1) during the last 10 days, I have purchased approximately 59 million shares and share-equivalents of Yahoo; (2) I have formed a 10-person slate which will stand for election against the current board; and (3) I have sought antitrust clearance from the Federal Trade Commission to acquire up to approximately $2.5 billion worth of Yahoo stock."

Which translates to:

"Oh by the way, I bought 59 million shares last week, and I feel like buying $2.5 billion more just so I can fire you and sell your company to Microsoft."

Amusing to say the least.

Re: Dear Yahoo! You're Fired!

#8

Post by coglethorpe » Thu, May 15, 2008, 7:19 PM UTC

> The server at www.techcrunch.com is taking too long to respond.

Perhaps it's TechCrunch that should be fired. The site responds less often that Twitter.

Re: Dear Yahoo! You're Fired!

#9

Post by gojomo » Thu, May 15, 2008, 7:32 PM UTC

jimbokun wrote: post #4

Mark Cuban looks like the only guy on the proposed slate of directors with any direct experience running a web/software business.

I think the idea here is to sell it, not run it. So the main qualification of the new board would be: can phone MSFT and ask them to again offer $33/share.

Re: Dear Yahoo! You're Fired!

#10

Post by [deleted] » Thu, May 15, 2008, 7:41 PM UTC

[deleted]