Chief Prognosticator

Yahoo’s Shareholders Strike Back

I knew this would happen — I mean, if I was still a Yahoo! Shareholder (don’t worry. I sold over a year ago), I would be really mad how the Yahoo board handled the latest Microsoft offer. Who turns down that much money? Does Yahoo have a responsibility to its shareholders? Well the news out today is that Yahoo is facing no less than Seven lawsuits related to the decision to shun Microsoft’s $44 billion offer. I hope the poor investors win!