3 ms·
Everyone here is decrying the decision-making process of the CEO - which obviously is already in question - but I'm left pondering a different perspective. Yah
by jMyles 10y ago
Everyone here is decrying the decision-making process of the CEO - which obviously is already in question - but I'm left pondering a different perspective.
Yahoo has cash. Sure, they're not Apple in terms of liquidity, but they're not a startup either. Mozilla is - and I may need to solicit your agreement here - a Good Thing for the world.
I'm not convinced that being a Bil in the hole to Mozilla is so bad.
By contrast, there are several companies that are, according to some legal theories that may yet prove persuasive in court, in debt this much or more to governments by dint of their offshore accounting practices.
At which company do you prefer to be a shareholder? One which owes Mozilla a billion, or one which very well might owe an armed, hotheaded, unpredictable entity several billion?
Ultimately, if I'm a shareholder (and I'm not), I can forgive a billion dollars to mozilla more easily than the other Yahoo mis-steps.
- LAMike 10y agoWhat companies are you talking about?
- jMyles 10y agoNo specific companies in particular; I was thinking of it more like a spectrum, from Enron / Worldcom to, say Dreamworks (implicated in Panama Papers but probably within the letter of the law). I'm just saying: being indebted to a (reasonably awesome) outfit like Mozilla is less upsetting to me than being in hot (or even warm) water with the IRS.