It is good to see that Yahoo! executives are reminded of who owns their company and to whom they owe their responsibilities.
Onésimo Alvarez-Moro
See letter:
To: Jerry Yang
From: Joe Nocera
Re: Shafting Yahoo’s Shareholders
Dear Jerry,
Congratulations — you pulled it off. You got Microsoft to walk away from your beloved Yahoo for good. The final word went out on Thursday. There isn’t going to be any megamerger. No smaller deal to sell your search business, or take a minority stake, either. As Yahoo’s co-founder and chief executive, you’re undoubtedly thrilled. But your shareholders sure aren’t.
Yes, it’s true, you did try to salvage something by announcing a Google deal just a few hours after you and Microsoft revealed that your talks had officially ended. According to your press release, Yahoo will soon begin running display ads sold by your archrival.
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