Yahoo is a farce. Ostensibly it is a kind of passive index fund that only holds two assets: Alibaba and Yahoo, which is rapidly declining in value and should b

Yahoo is a farce. Ostensibly it is a kind of passive index fund that only holds two assets: Alibaba and Yahoo, which is rapidly declining in value and should be cashflowed out (remove overhead, no add'l investment and collect cash til it dies--or sold to a PE fund that will do that). Typical passive fund managers earn their fee 2%/20% by re-balancing their portfolio as needed to approximate the index. Yahoo is not even doing that. so in fact they are more like a pass through or shell entity that holds one asset, usually for tax advantageous reasons. thus the managers (yahoo management) should get some nominal fee comparable to a clearinghouse. Marissa Meyer earns $20mm per year for running a shell company. that's like paying your agent in the cayman islands $20mm per year merely to file the paperwork to remain incorporated there. what a fucking farce.