Your statement about the law is for the most part not true. There's a much more in-depth discussion of this at this older HN posting: http://news.ycombinator.co

Your statement about the law is for the most part not true. There's a much more in-depth discussion of this at this older HN posting: http://news.ycombinator.com/item?id=3227980 http://news.ycombinator.com/item?id=3227980 I agree with you that yahoo should have sold to microsoft, by the way. But the legal duty to maximize value bit is just not accurate.