Yahoo’s Bold WhimperFirst Faved : Feb 10 2008 by mikeFaved : 1 time with noteViewed : 1 timeFave It!
Faves for this Web page
- mike - Feb 10 2008 | microsoft, yahoo, techcrunch
Arrington things the deal is "done" unless the board decides to do something crazy like invite a shareholder law suit.
Quoted: willing to put their personal fortunes on the line and give a collective middle finger to Microsoft (because, yep, they’re going to be sued, and fast, by their stockholders if this deal dies - and the board’s indemnity agreements won’t provide full protection
Already a user? Sign In
Add a Fave for this Web page
- What happens when I press Publish?
- Your Fave for this Web page gets shared with the Faves community. You can access it at any time by selecting "My Faves" from the menu above.
- Why do you ask for my email address?
- We use your email address to create an account, so you can easily find your Fave again at a later time.
Related Content from Around Faves
techcrunch
-
1 FaverViewed: 7 TimesQuoted: Amongst many things, Steve Jobs is a master story teller. Every year he delivers two signature keynotes: one at MacWorld in January and one at Apple's World Wide Developer Conference in June. However, these keynotes are more than just new product introductions. They are true stage craft and accordingly they have become major media events. Job's keynotes
- mike - Sep 25 20081 FaverViewed: 2 Times
- mike - Sep 23 20081 FaverViewed: 7 Times
The Yahoo board can say no to Microsoft without risking their personal fortunes.
Does it depend on the liability insurance that Yahoo has obtained for it's board members? I would assume, that if the board acted in bad faith, and acted against their fiduciary obligations to the stockholders, that there could be some personal liability for damages. Not so?
Saying no to Microsoft is not the same as acting in bad faith or against their fiduciary obligations to the stockholders.
Yes, but they have to have a credible plan to get more than the premium that MS is willing to pay for the stock. They're already getting sued. I think MS is going to try to replace the board as a next step.