Oh just give this poor old dog the old Yeller treatment already. I don't know what's more sad, the fact that Yahoo has fallen from where it once was, or that it's falling so slowly and that it's new CEO, once thought to be it's saving grace, is letting the bleeding continue for seemingly as long as she possibly can. I can't imagine the morale issues in the trenches of Yahoo, it's gotta be just horrible in there.
And why not?
In what kind of reasoning, if you could continue to make money and employee thousands of people for 10+ years of slowly declining revenue and relevance, would you refuse it?
A "hot" CEO or employee might want to jump ship ofcourse for greener pastures. But there's absolutely no sense in closing the company and leaving all the money it could make (even if declining) on the table.
If it wasn't profitable, that would be another story. But it is.
[edit] fixed typos.