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Will Yahoo! CEO Jerry Yang lose his job due to Microsoft walking away from an acquisition?

Suspended

Flagged by admin: Jerry Yang has announced his resignation.
http://news.bbc.co.uk/1/hi/technology/7734717.stm

Background:

Over the weekend of May 3, 2008 weekend negotiations broke down and Microsoft (surprisingly) walked away from its pursuit of Yahoo! News sources attribute Microsoft's decision to at least three factors: 1) uneasiness about going hostile, 2) a 70% markup on Yahoo's Friday closing market price, and 3) a new business between Yahoo! and Google. See: http://www.mathewingram.com/work/2008/05/03/yhoo-and-msft-jerry-yang-should-be-fired/ and http://techdirt.com/articles/20080503/2328251021.shtml. Given that Yahoo shareholders were left out of the weekend negotiations, will Microsoft's leaving the table cost Jerry Yang his job at Yahoo by the end of this year?


Settlement details: As reported by a major mainstream news source, and generally verifiable within the abilities of Hubdub's moderators. Preferably as reported by the Wall Street Journal or the Economist.

 
Forecast history, %
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Suspended

Yes, absolutely. The shareholders will boot him for messing up the deal.
38%
No, absolutely not. Yang will "pull an Apple" and redeem himself with the shareholders.
30%
No, but Yang is a sideshow. Microsoft will still acquire Yahoo due to Shareholder sentiment.
19%
Yes, and Microsoft will still acquire Yahoo after Yang gets booted.
14%
Activity: H$56,426
Predictions on this question are temporarily suspended

Suspend date: Mon 15th Dec 2008 3:59pm PST

Initial likelihoods: Yes, absolutely. The shareholders will boot him for messing up the deal.: 25%, No, absolutely not. Yang will "pull an Apple" and redeem himself with the shareholders.: 25%, No, but Yang is a sideshow. Microsoft will still acquire Yahoo due to Shareholder sentiment. : 25%, Yes, and Microsoft will still acquire Yahoo after Yang gets booted.: 25%

Action history:

Created Mon 5th May 2008 9:49am PDT by jamalpeter
Suspended Tue 18th Nov 2008 2:26am PST by lesley[Admin]: Flagged by admin: Jerry Yang has announced his resignation.
http://news.bbc.co.uk/1/hi/technology/7734717.stm

Suspend date: Mon 15th Dec 2008 3:59pm PST
more info...

 

Predictions (105)

105 predictions

7 weeks ago
jaffy predicted Yes, absolutely. The shareholders will boot him for messing up the deal. (H$100 at 37%)
7 weeks ago
bobdevine predicted Yes, and Microsoft will still acquire Yahoo after Yang gets booted. (H$50 at 9%)
8 weeks ago
rogerkni predicted Yes, absolutely. The shareholders will boot him for messing up the deal. (H$500 at 32%)
8 weeks ago
athex predicted Yes, absolutely. The shareholders will boot him for messing up the deal. (H$20 at 28%)
9 weeks ago
aland predicted No, absolutely not. Yang will "pull an Apple" and redeem himself with the shareholders. (H$100 at 67%)
more

Comments (15)

By the way, even though I am currently prevented from wagering on my own question, I definitely fall into the "Ballmer is brilliant and Yang/Yahoo will come crawling back" camp. See: http://fakesteve.blogspot.com/2008/05/ballmers-brilliant-move.html
posted 35 weeks ago
  2 skipper[Power User]
I feel some of the answers are overlapping...
posted 35 weeks ago
http://www.latimes.com/business/la-fi-yahoo7-2008may07,0,264309.story

Shareholder revolt but doesn't look there is enough time to get the pitchforks out!
posted 35 weeks ago
Thanks, Nigel. That gives this question a better timeline for settlement, maybe. We should watch what develops by the July 3 date, and then what happens in the 2-3 weeks following to see whether Microsoft comes back to the table.

To be completely fair, however, if Yang is not thrown out, he'll need the rest of the year to turn aournd Yahoo's fortunes...
posted 34 weeks ago
The prevailing Hubdubber sentiment, as measured by the movement of the market is, as of Friday, July 13, after news that Microsoft is definitively not interested in acquiring Yahoo entirely, and after Yahoo and Google have inked a search deal is that 1) Yang will be booted and 2) Microsoft will not still acquire Yahoo by Dec 31, 2008.

(As the market and situations move so often, I am adding this note as a bit of history, context, or a bookmark or footnote into the market's comments section.)
posted 29 weeks ago
One week later, Techcrunch has published an article stating that Microsoft is interested in buying at the right price. The market positions have shifted: Hubdubbers now say that 1) Yang will be booted and 2) Microsoft will acquire Yahoo by end of year.
posted 28 weeks ago
  10 jamalpeter
Where is the NEWS tab on this question?
posted 25 weeks ago
Its over on the right hand side now directly underneath the tag cloud.
posted 25 weeks ago
  13 rogerkni
Over on Seeking Alpha, Michael Arrington posts "The Yahoo Train Wreck in whcih he comments thus:

The stock closed at $13.76 Wednesday, down another 5.6%. ... At this point I’ve moved beyond wondering how Yahoo’s senior management manages to keep themselves in power. The private equity funds who agreed to let Yang and Decker stay in power after the shareholder vote last summer have some real explaining to do to their investors, too. Yahoo has no game plan, and the markets tend to notice these things. It’s time for an intervention.
posted 12 weeks ago
  14 rogerkni
Here's another column by Arlington, "Yahoo: Why Yang must go", at:
http://seekingalpha.com/article/104479-yahoo-why-yang-must-go
posted 8 weeks ago
Way to go, bro. This was an excellent call on your part.
posted 3 weeks ago

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