Well, I guess everyone knows by now. Yahoo! is safe from the grubby hands of Mickeysoft, for now, anyway. So I am sticking with you!!! Well done Jerry Yang and co ….
Here is an interesting quote:
"``Unbelievable,'' said Laura Martin, an analyst at New York- based
Soleil Securities Corp. ``This is management putting its employees and its
job security ahead of current Yahoo shareholders' interest.''
Er … am I missing something? Since when has it become BAD to put your employees ahead of a bunch of people who don’t care about anything except the expansion of their purses????
More and more companies need to do what Yahoo! had done. Protecting the interests of the employees, not a bad thing at all. In fact, something we ought to praise the CEO for. No doubt that the shareholders already have made money in the past, and will stillcontinue to make their money in the future. But, it is the employees who helped make the company by meeting deadlines, designing new products and features making many sacrifices on behalf of the company. If we simply look at the shareholders’ interests only, like what many other companies are doing, laying off employees to cut costs and increasing the bottom line(forgetting that they too also decreasing productivity). The end result is that many good engineering talents will be lost and in the end the company will really be doomed because it does not have the necessary talents to compete with other stronger competitors. Too often corporate America follows a certain path of doing business the old fashion way. Similar to American Politicians, doing business the old-fashion way. Nothing new, nothing creative… It is refreshing to see a bright CEO taking a different, yet less popular approach to solving problem. Yahoo! does not need Microsoft. If Yahoo! can execute on their business plan and turn things around by focusing on their core strength. It can make it definitely worth a few multiples in say 5 years’ time than what MSFT was bidding for Yahoo! up until Saturday.