John Paczkowski

Recent Posts by John Paczkowski

No Worries Carl, I'm Sure Jerry Doesn't Really Want to Attend Either

After the annual meeting, Mr. Icahn will be appointed to our Board. … We’re pleased that both parties were able to work together productively to accomplish this settlement, and we look forward to working with the new Board members and benefiting from their fresh perspective. Yahoo! is now moving forward with one team and one voice, and we’re excited about what the future holds.”

Yahoo CEO Jerry Yang, July 21, 2008

What a horribly anticlimactic anticlimax. Billionaire backseat driver Carl Icahn has decided not to attend Yahoo’s (YHOO) shareholders meeting Friday. This after months of agitating for the company’s sale to Microsoft (MSFT) and the ouster of its board of directors. “I will not be attending [the annual Yahoo meeting],” Icahn wrote in a post to The Icahn Report. “The proxy fight is over and it will not do shareholders or Yahoo! any good to have the annual meeting turn into a media event for no purpose. … A few days ago, I met with both Jerry Yang and Roy Bostock and I believe both gentlemen genuinely wish that we will be able to work together to enhance value. While we still disagree on many points, I have great hope ‘this will be the beginning of a beautiful friendship.’”

“This will be the beginning of a beautiful friendship.” Really?

Looks like Yahoo is benefiting from Icahn’s “fresh perspective” already.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work