Sunday, October 12, 2008


$12.29/share. Solid.
Down almost 2/3 from where it could have sold the company. As far as I know not a single member of management or the Board has left or been booted.
Greedy/incompetent company management is very much in vogue to write about. Incompetent Boards are less fun to write about because they generally fly under the raider. They shouldn't.
Every major ass-backward decision made by CEOs is approved at some level by the Board. It's one of the reasons that it's so difficult to fire a CEO for cause and take his stock away. The Board has approved of all the decisions, or at least knew what was going on. I'd like to see the Yahoo Board fire itself.

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