A scathing analysis of all the anti-shareholder actions Jerry Yang has taken in the last few months. I think Joe Nocera is right on here - when your company goes public, you can no longer treat it as your private plaything. Neither can it be run for the benefit of the employees....it's the owners of the company, the shareholders, who's interests must be paramount.

Arrogantly, Mr. Yang appears to ignore this fact, and is now being sued by large shareholders, pension funds, and Carl Icahn.

How can he NOT be forced to step down (much less cost Yahoo many tens of millions in defending against these suits)?

Quoted: Since Yahoo went public in 1996, the company has had new owners — its shareholders — but it is unclear whether Jerry Yang, the company’s co-founder and chief executive, knows this.