Yahoo and Carl Icahn are now on good standing after Yahoo gave Icahn three new seats on a board now 11 members strong. This will give Icahn and two others from his slate the ability to sit in on the discussions of the Yahoo board and even try to push policy. Yahoo is hoping that his three board seats will simply allow him to chime in on board events and withhold enough power that his votes will be easily overturned by the majority. Read more…
Investing
YHOO
Poor timing, too low price points? No, it appears that Yahoo might be avoiding a Microsoft buyout solely for sentimental reasons. Now that Jerry Yang is the CEO, it appears he’s wanting to hold onto the company he worked so hard to start back in his own college years at Stanford.
Yang owns about 4% of the company that is currently worth $1.5 Billion, his stakes are huge and he’s still drawing the infamous $1 salary that is common with many tech giants. His wealth has been derived in its entirety from the growth and capital gains he’s received as a huge shareholder in Yahoo. As CEO and a founder, it seems that his own unwillingness to sell might lay in a dislike for Microsoft and sentimental views of Microsoft rather than what shareholders want. Read more…
Bonds, ETF, Forex, Futures and Commodities, Investing, Real Estate, Round Up, Stocks
MSFT, YHOO
The bid for Yahoo was interesting to say the least. Software giant Microsoft and owner of MSN putting in a bid for Yahoo shows the concern over the internet marketing business currently controlled by Google. Read more…
Investing
GOOG, MSFT, YHOO
Oil falls (73.54) for the second day! Not really big drops just enough to talk about to the people to feel good. Usually a cents compared to the dollar gains, but today it fell 1.76 today. With this good news we get the bad news as the second Atlantic tropical storm is forming. Hmmmm I wonder where this is going 80 or 90 per barrel of oil. Read more…
Round Up
oil, YHOO
