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• J. Blow-
  Yahoo hasn't squandered anything. I assume the money you are alluding to was the buyout cash from the nixed Microsoft deal. While that money that could have been spent by investors on their community (like that was likely to happen anyway...more likely the investors would have spent it on their yacht) or on "other ventures," Yang et al. decided to forgo the cash because they felt it undervalued the value in Yahoo. Microsoft and Icahn want to unlock the value in Yahoo because they want that value for themselves. That is greedy. Yahoo and Yang said that they are going to have to pay more because they are undervaluing Yahoo. There is nothing illegal, unethical or immoral about that.
  
  Also, judging from the lifestyles of investors, I would have to doubt that Icahn's bid would benefit millions of people; instead, it would benefit investors, and their Mercedes dealer, and their country club... In reply to: "Looking for a big salary? See what this start-up has to say"

  June 11, 2008

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