No that's not how it works, if shareholders are unhappy (the ones that are still left) will just elect a new CEO and replace board members who they have more co

No that's not how it works, if shareholders are unhappy (the ones that are still left) will just elect a new CEO and replace board members who they have more confidence in being able to meet their objectives. Yahoo as a company wants to attract investment, they'll never say for any Shareholders who want it to make money should get out - they're the ones who work for Shareholders not the other way round. Telling Shareholders and potential investors "we're not here to increase revenue/profits" so GTFO - will get investors to do exactly that, further decreasing the value of the company.