Lemme see if I get this straight. Turning the company around is a "daunting task," and it would be difficult to find "an A player" to come in and attempt the task.
Yet someone who is CEO of a more successful company is going to be talked into taking this job via acquisition, i.e. they will buy Yahoo! and run it, thus taking on the "daunting task" that will take a fair amount of time to perform... all the while acting as a distraction to the successful business they have now.
I can believe that someone would do this if they thought they were paying a price that amounted to stealing Yahoo!, but not at a price that "unlocks value" for the current shareholders. The current investors have to face reality: they are holding a turkey, and they are going to take a big haircut on their shares.
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