Yahoo contempt for shareholders?

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

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Comments

 

Warren Buffet is a nasty spoiler who will cost me dearly in income taxes by forcing me to sell my Anheuser Busch stock, which I've never intended to sell.  He already did it to me earlier by facilitating a Wrigley sellout.

Samuel Greenschlag (Posted 06.17.08 7:57 PM) Report Abuse

Time of BUD greatness is over.  Buffet is about money.  Nothing more.  Me thinks the Busch family should have guarded their family stocks better.

August Busch III will be very wealthy.  He will only lose the label.

Ken (Posted 06.18.08 7:04 AM) Report Abuse

i will no longer buy bud, i will now switch to coors.long time bud drinker.

dave wyman east greenbush new york

dave wyman (Posted 07.14.08 6:02 PM) Report Abuse

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