John Paczkowski

Recent Posts by John Paczkowski

Yahoo Board to Yang: Save the Drama for Your Mama

yang_sad.jpgSeems the Yahoo board’s “unanimous” rejection of Microsoft’s $40 billion-plus bid for the company may not have been so unanimous after all. According to the New York Post, the board is actually split over the issue.

On one side is Yahoo CEO Jerry Yang, Eric Hippeau, a managing partner at Softbank Capital Partners and a longtime Yahoo (YHOO) director, and Robert Kotick, chairman and CEO of Activision, who all oppose the bid. On the other is a group led by Yahoo Chairman Roy Bostock and billionaire investor Ron Burkle, who fear Yang has allowed his emotions to get the better of him and forgotten about his fiduciary duty to Yahoo shareholders. And in the absence of a compelling alternative strategy, that could expose the company to litigation.

“The emotional part of Yang would rather do anything but sell to Microsoft,” (MSFT) a source close to the company told the Post. “But he doesn’t have the cards to come up with a value-creating, competitive alternative for shareholders.”

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald