3 ms·
Isn't she acting in best interests of shareholders in this case? Isn't that why she is there, to create shareholder value? Personally, I think that so far she h
by charlesdm 12y ago
Isn't she acting in best interests of shareholders in this case? Isn't that why she is there, to create shareholder value? Personally, I think that so far she has wasted a ton of money with little to show for it.
Selling the stake and incurring 35% corporate tax on an amount that large just to fuel a war chest seems abysmal to do. That would be ~$13.5bn of destroyed shareholder value, and frankly, probably the end of her tenure as CEO.
I can't believe for a second her job is to turn Yahoo around. With hedge funds on the board, I'd assume her job to be to deliver maximum short term shareholder value. They just need a friendly face to do it. Maybe she hasn't realised that yet.