BOARD BUCKS YANG – New York Post Ok, the New York Post points to growing consternation on the Yahoo! Board of Directors regarding Jerry Yang’s power trip position to do *anything* but sell the company to Microsoft.
If I were Microsoft (and believe me, they’d never have a Yahoo like me running the show over there) I’d drop my offer a buck a share at this point. Obviously Yang is on the outs with the majority of the board and I’d use the price drop to point out my unhappiness with his bellyaching — especially given that by dragging his heels on the deal that this certainly could potentially be pushing quality new Microsofties out the door before a merger can happen.
I’d send a new letter to Yahoo! turning up the heat and pointing out that by dragging his heels Yang is hurting the company.
Yahoo will not be getting a better deal anytime soon in this decade. The best thing that they can do now is take the Microsoft deal as offered even if it means feeding old Jerry and his ego to the chipper.