“And then what will shareholders be left with? A weakened, Icahn-controlled Yahoo.”
These were the last few words that Yahoo’s Jerry Yang said during his conversation with Boom Town’s Kara Swisher. Mr. Yang was of course answering to two issues, or should we say two companies threatening to takeover Yahoo’s Board and owning the company.
Other points made by Mr. Yang during the interview:
- that handling Yahoo to Carl Icahn in the hopes of snagging a new deal with Microsoft is a big mistake since Icahn lacks a plan B
- Microsoft’s inconsistencies when it comes to its real interest in Yahoo and its refusal to lay down a firm proposal on the table may actually speak of the company’s desire for Yahoo
Hence, Mr. Yang put up the question – “And then what will shareholders be left with? A weakened, Icahn-controlled Yahoo.”
There goes the sublime, irritated views of the man who has been having sleepless nights thinking of how it can prove to his company’s shareholders that their beloved company can still stand on its own and does not need to be merged with a competitor. The words of man waiting to explode in exhaustion trying to prove to its shareholders that the company that they are funding are still worth fighting for.
We just hope, the shareholders are listening (or reading) and would re-affirm their confidence to the current Yahoo Board once more. If not, it won’t be too difficult to sense what they will be signaling to Mr. Yang.