Big news I guess, hard to ignore - Jerry Yang, Co-founder of Yahoo! leaves as CEO!
Well, the way I see it (and I could be wrong), he’s just taking the fall for a failed M&A which shouldn’t be entirely his fault. But too bad they need a fall guy and he’s the one.
Isn’t it so typical of companies? A co-founder/director does a great job all the way from the start and is made to look like a complete villian because of some silly corporate decisions which he/she has to take the blame and leaves in shame? Seen it before, a bit too often.
So they wanna try merge with Microsoft again? Well, they now have an excuse. But If I’m Microsoft, I wouldn’t take the risk at this economic downturn and even if I wanted to, probably can’t find a bank that’ll lend me that much money. So if a deal is reached, my guess is that it’d be at a much lower valuation which might cause Yahoo!’s shares to drop further. Lose lose.
Shares can soar now, but my take is that it’d come tumbling down like a roller coaster in due time. What a waste for such a great company. Personally I think that the slimmest hope for the company now is to keep Jerry on the board of directors and hope that he’ll still contribute to the company’s growth and direction. Then again, that’s about as likely as asking Bill Gates to join back Microsoft, so… good luck Yahoo!
(Signing off from Seoul)
