Saturday, October 18, 2008

Microhoo?

Steve Balmer head of Microsoft said “We offered 33 bucks not too long ago and it’s $11 today,” referring to Microsoft’s February bid of $33 a share, or $44.6 billion, which Yahoo rejected. “They probably still think it’s worth more than $33 a share.” The question I have is Why is cofounder Jerry Yang still running Yahoo? The company stock is worth 1/3 of what Microsoft was willing to pay. Stockholder should ask him to resign.

0 comments: