Bluntly, it doesn't matter what the investors or managers do. They can piss off their employees, fire them, or do neither; they can cut products and staff or grow or both or neither; they can become two companies or three or 400; they can spend their $5 billion of cash on marketing or salaries or lawyers. Nothing is going to bring back "Yahoo's core business". Ever. It's dead. Dead dead dead. We're not even beating its bloody corpse because its corpse rotted into dust years ago.
Yahoo's investors should be focused on how they get as much as possible of the current market value of Yahoo's:
- Yahoo Japan shares
- Alibabi shares
- cash
Period. That's how they maximize total return. Not fretting over whether they pay for employees' phones and coffee. You're right that it isn't the problem. But neither is any of that other stuff you talked about.
Yahoo's investors should be focused on how they get as much as possible of the current market value of Yahoo's:
- Yahoo Japan shares - Alibabi shares - cash
Period. That's how they maximize total return. Not fretting over whether they pay for employees' phones and coffee. You're right that it isn't the problem. But neither is any of that other stuff you talked about.
It's dead, Jim. Move on.