Share price down, down, down!

Recently, the share price of Yahoo was hovering the $34 mark - in part, thanks Microsoft’s attempt to buy up the internet giant.  Yesterday, the price dropped to a five year low of $17.75 - that’s around $23 billion less for the share holders to pad their wallets with!

This doesn’t look good for Jerry Yang - I reckon he’ll be replaced in the very near future but as to when this will happen, who knows! If prices continue to fall at their current rate I’m betting he’ll be gone by the end of November. The Yang farewell march may already be planned but with no formal announcement - look at this way, the Icahn attack dog has been quiet for a while now. Maybe a deal has been done to keep both sides of the table happy.

As to who will fill  Yang’s boot nobody knows but some pundits are betting on Dan Rosensweig returning which, if true, would be one the better decisions the board has made.

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