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Excellent article about what Jerry Yang, like many entrepreneurs, doesn't understand. If you're Bill Gates and the company is wildly successful, you get slack. If you're Craig Newmark and keep your company private, you can run it how you want. But, for the rest of us, including Jerry Yang, we are responsible to our stockholders and other stakeholders.
1 FaverViewed: 2 TimesQuoted: Let’s face it: you and Mr. Filo still think of Yahoo as your baby. Here’s the problem, Jerry. It’s not your baby. It hasn’t been since 1996, when Yahoo went public. At that moment, you suddenly had to answer to your new owners: your shareholders. In fact, Jerry, as a board member since Yahoo went public, it has always been your job to look out for Yahoo’s shareholders. But we sure wouldn’t know that from the way you’ve acted these past months. I haven’t seen this much contempt for shareholders since Robert Nardelli ran Home Depot.
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