But the exclamation mark goes.
Yahoo! has officially called in the bankers to explore "strategic alternatives" for the company; in other words trying to find someone to buy up the non-Alibaba side of the business. "Separating our Alibaba stake from Yahoo's operating business is essential to maximizing value for our shareholders. In addition to the reverse …
>And the result will be that Google is buying Yahoo to enlarge their market share dominance!And the result will be that Google is buying Yahoo to enlarge their market share dominance!
to increase their market share by 0.000...1%, why ????
I guess MS will come to the rescue, they need yahoo for Bing, and always love to invest in pits, the deeper, the better - they will probably pay $10 to $15 bn ...
"As both shareholders and employees, all of us here at Yahoo want to return this iconic company to greatness. We can best achieve this by working with the committee to pursue various strategic alternatives while, in parallel, aggressively executing our strategic plan to strengthen our growth businesses and improve efficiency and profitability."
I've got an idea: bullshit-as-a-service! Just create a web interface to the bullshit generator they already use internally to generate these blurbs. Think how much other companies could save in PR fees!
"Destruction of shareholder value on this scale over this period of time should be considered criminal incompetence."
The shareholders employ the board. If they don't rock up to the AGMs & vote the directors off the board then they must be going along with what the board's doing. Ultimately the board & management are doing what the shareholders want, even if they only want it by default as it were.
"The Board is thoroughly committed to exploring strategic alternatives while simultaneously supporting management and the employees in their implementation of Yahoo's strategic plan. We believe that pursuing these complementary paths is in the best interests of our shareholders and will maximize value." ®
To see why this abuse of language is actually encouraged at places like Harvard Business School cast your mind back to James Murdoch hauled in front of MPs -- he managed to say almost nothing while sounding as if he was actually saying stuff.
Interesting! Debacle! Ye gods..when I got to the bit about Bobbie and his nickel I nearly drowned this puir wee iPad in nasally ejected tea as I laughed so hard at her blatant trolling of her minions.
Seriously, why is she still in charge of anything? (apart from the usual management mystique disease)
I can see why they hired her, she came from Google who are Yahoo's idols these days, and she is a woman so Yahoo look visionary for hiring her. Why she's still in charge, I can only assume because no one else wants the job.
2 articles in a row about Yahoo with no photo of her must be a record though.
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