Round and Round We Go

So Carl Icahn is now apparently going to play the role of activist shareholder and try to replace Yahoo’s board in an effort to get the company sold to Microsoft. The most humorous part of it, to me, is that Mark Cuban sits on his proposed board of directors. Cuban was formerly a large Yahoo shareholder when they bought his company broadcast.com at the height of the first bubble. And the funny part is that he sold it faster than a crack addict that just stole a VCR. And now there’s a pretty good chance he’ll be part of the team saving shareholders from a sinking ship whose hull might have been first pierced by the atrocious acquisition that made Cuban so wealthy.

From Jerry Yang’s perspective this has to be the exact opposite of Jobs’s return to Apple. Instead of the founder who made a company successful getting kicked out and coming back in to rescue it from the hardship it suffered in his absence, it is the guy who helped a company tank coming back to kick it while it’s down.

Only in Silicon Valley.

One Response to “Round and Round We Go”

  1. I was thinking the exact same thing. Yahoo shareholders must think they're all on an episode of Punk'd.

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