Yahoo contempt for shareholders?
Posted
Jun 16 2008, 02:34 PM
by
Kim Peterson
Rating:
Does Yahoo hate its shareholders? That's being suggested by The New York Times' Joe Nocera, who sent CEO Jerry Yang a nastygram over the weekend. Nocera writes:
"In fact, Jerry, as a board member since Yahoo went public, it has always been your job to look out for Yahoo’s shareholders. But we sure wouldn’t know that from the way you’ve acted these past months. I haven’t seen this much contempt for shareholders since Robert Nardelli ran Home Depot."
Plenty more where that came from in the rest of Nocera's column. Yahoo shares were down very slightly to $23.45 before noon PST. Investors seem to have calmed down since last week, when the company announced any deal with Microsoft was dead and that a Google ad sales plan was in the works.
Disclosures: I don't own shares of any companies mentioned in this
post. And while Microsoft owns this blog, Microsoft does not control,
censor or otherwise have any editorial influence over what I write.
Related reading:
Yahoo's dark day
Yahoo's good, but not spectacular, quarter
Google jumps into Microsoft-Yahoo soap opera
Microsoft and Yahoo can't agree
