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I'm curious as to why they made this document public. If I owned almost 6% of Yahoo!, I wouldn't do anything that would publicly make Yahoo! look even worse. I
by gkoberger 15y ago
I'm curious as to why they made this document public. If I owned almost 6% of Yahoo!, I wouldn't do anything that would publicly make Yahoo! look even worse. I would discretely contact the company and have it dealt with quietly.
Additionally, why bother lying? I doubt Mr. Thompson got the job due to his 20 year old CS degree at a tiny liberal arts college.
- deleted 15y ago[deleted]
- dchest 15y agoInternal politics? Maybe they'd like the CEO and some directors to leave.
- nicw 15y agoThey may look to own more of the company - but at a lower price. A story like this could cause the stock to dip - especially if seen coming from a 5.8% minority owner. A large enough stake that it looks like they are concerned, but small enough that they don't have the direct access to Yahoo! to rectify.
- nicw 15y agoGoing further, a dark knight takeover strategy is to quietly pool the shares that multiple companies have -> into one company that then owns a majority stake or has enough votes to exert decisions in their favor. I'm not saying this is the intent here, but one of the first steps down the path.
- TDL 15y agoThis tactic will most certainly get the SEC on you. There is a reason why they (the SEC) force those who own or 'control' 5% or more of a publicly traded company to disclose that ownership or control.
- damian2000 15y agoyou can still make money when a stock is going down - its called shorting or short selling.
- loverobots 15y agoThey might want Y! to sell chunks of it (Alibaba stake) just so the hedge fund sells their 6% out while the YHOO share price presumably jumps. But lying about the degree, and that's easily verifiable, just doesn't look good for him.