SiliconValley.com – First Edition Newsletter: “Yahoo Chief Executive Jerry Yang signaled to Microsoft Wednesday that he is in no hurry to accept its $44.6 billion takeover offer. His message came as the company was sued by several shareholders criticizing Yang for not working harder to secure a better offer or to improve Yahoo’s performance.”
Anytime there is a significant transaction or “bad news” for a company, someone should start a pool on how long it will take for the first lawsuit to happen. So predictable. If you don’t think the company is run well, why do you own stock in it?