The senior management of Yahoo made one boneheaded decision after another. They turned down a buyout offer from Microsoft. Now, their stock is trading for a fraction of the offer price.
Yahoo’s management knew that Microsoft would replace them. The voted against the merger to protect their jobs. They knew that they might never find a comparable job.
That’s one problem with investing in the stock market. Management will act in their interests, and not the interests of shareholders.
That’s one reason that gold has crushed the stock market over the past 10-15 years. With stocks you get earnings. However, management will line their pockets at the expense of shareholders. The cost of the fraud/waste/theft is greater than the value of the earnings.
This page is one indication of Yahoo’s gross incompetence. That’s the home page for Yahoo News, cell phone version. It hasn’t been updated since May 24, 2012! What kind of idiots run Yahoo? Not a single Yahoo employee visited that webpage since May? (Bizarrely, if you click on one of the links, you get to a current page. At one time, that page updated properly, because I bookmarked it on my cell phone.)
Yahoo just hired a female CEO. If you value based on political correctness, it’s a brilliant move. If you evaluate on merit, not so much.
Yahoo is a software company. Almost all computer programmers are men. Of the top performers I’ve worked with, none of them were women. The idiots at Yahoo think that software is not important. That’s why Yahoo is doing poorly.
On average, men are better than women at Math and computers. Some people get very upset by that statement, but it’s true. I haven’t met their CEO, so she may be one of the rare women who’s really in the top 1% performers, but I doubt it. It’s more likely that she’s a skilled liar, just like all other CEOs.
Yahoo has pretty lousy software. Most of their systems haven’t been updated in a long time. They can survive due to inertia. They aren’t as successful as they would be, if management were not fools.