Topic: 
Pownce it!
OMG - What has Yahoo Done ?
Yasoft or Microhoo - too Icahnish ?
When America was once prosperous, not too long ago and most U.S. industries had at least a bright near-term economic future, the greedy class of American could enrich themselves privately, away from the media and general public – but, those times have changed. This recent statement in The Washington Post article says it all - “Icahn, who owns a 5 percent stake in Yahoo, emphasized he still believes a sale of all or part of Yahoo may still be the best way for the Sunnyvale, Calif.-based company to lift its sagging stock price.”
No mention whatsoever has been discussed publicly of what to fix that people don’t like about Yahoo that may be causing the lack of financial windfall that Carl Icahn believes he should benefit from by investing in Yahoo, the well liked consumer based Internet icon stock.
Carl Icahn has NOT made the case over his hostile takeover of Yahoo to the American Public that his motives are legitimate, much less noble. One can only speculate how much he personally stands to gain by dismantling Yahoo, as money appears to be his only motive. Icahn is doing the very same thing (hostile takeover), to another reputable company – Biogen Idec.
So far June Swoon, two executive vice presidents - Jeff Weiner and Usama Fayyad, Longtime developer Jeremy Zawodny, Qi Lu - executive vice president of Yahoo’s search and advertising technology group, Brad Garlinghouse - runs Yahoo’s e-mail and instant messaging products,Vish Makhijani - general manager of Yahoo’s Web search business, Flickr co-founders Stewart Butterfield and Caterina Fake have left Yahoo since this hostile takeover by Microsoft began.
Yahoo agreed over the past weekend to provide Carl Icahn 3 replacement Board of Directors positions for Icahn himself and two of his appointees. Who (other than the likes of the same greedy individuals that stand to profit from the dismantling of Yahoo), can view this as “free market” business. Does ‘free market” represent the non-intervention approach to the wealthy having their way in a Democratic style society at any cost – even the dismantling of the very America enterprises that once made it great? I’m NOT even eluding to the nostalgic warm glowing sense of the word either, but the reckless short sighted immediate profit taking that is hampering America’s ability to vigorously compete in it’s globalized future.
Yahoo’s new Icahn negotiated board may include the removal of Yahoo Co-Founder and Chief Executive Jerry Yang anyway, whom Icahn had threatened to fire, if his attempted takeover coup had been successful at the Yahoo August 1st annual board meeting. Yahoo is NOT out of the woods by any ones stretch of the imagination, with Yang still remaining on Yahoo’s Board of directors… as the most likely scenario is of Microsoft buying the parts of Yahoo it desires (like the vulture picking over road kill), at the direction of Carl Icahn’s Yahoo stock arbitrage. Jerry Yang, (Yahoo’s Co-Founder), has bought some time for his deserved dignified departure. Lets be real – there could be so very much more and there most likely is to this sad commentary than what has made main stream media headlines -the same main stream media that so depends on the advertising dollars of Microsoft… so the media’s reporting of Icahn’s arbitrage and it’s negative aspects thread ever so lightly as one of the most liked Internet consumer icons (Yahoo), becomes a mere financial pawn and chewed up and spit out by the American greedy. “Free-market” at any cost? Microsoft proposed spending $9 billion to acquire Yahoo’s search business and a roughly 16 percent stake in Yahoo’s remaining operations -
Where as the invasion of Iraq was the misguided “preemptive strike” that America should have been making on economic globalization – our real financial enemy. Is it way too late to realistically react after 7 years of failed American leadership and the emphasis taken off of globalization but, instead siphoning off of all the money possible out of the American Treasury to guarantee no-bid off-shore contracts hand selected by the Cheney White House for “defense” contractors and the mysterious disappearance of $12B worth of $100 bricks of cash on pallets during the early days of the invasion of Iraq. Are these outlandish schemes just coincidence or one of the most devious plans of modern day America leadership to bamboozle the gullible citizenry? Could it be that the likes of the George Bush NeoCon government saw this globalization run away freight train coming square at us and did not have the fortitude or the creative insight to derail the potential pending disaster, so they just concocted the “take the money and run scheme” – and so here we are?
It’s all about money ONLY, recklessly abandoning all regard for the fact the consumer may reject the new totally money driven Yahoo at Icahn’s direction. Yahoo did not get where it is today by being a totally money driven company (profitable yes), but by producing a consumer accepted Internet products that provided Yahoo with a secure market niche and long term growth. Its all about money that is dismantling American industry after industry and the once stable careers for middle class domestic American workers to raise families and celebrate birthdays at Disneyland or send their kids to college.
The underlying panic beneath the media headlines now are – there is little to NO future for middle class America when the greedy are all done with building their moat like safeguards around their off-shore wealth or when they finally raise the gate to their private kingdom away from U.S. Government intervention or oversight – the new “free market”. How did major companies get a tax credit in the first place to ship jobs overseas, if this theory is not entirely correct?
The financial stampede is on before G.W. Bush leaves office in almost every major American industry – big oil, automobiles, nuclear power, defense to send the jobs overseas. It makes you seriously wonder if this was the grand exit strategy of the likes of Karl Rove to “get er done” before the Republican leadership leaves office and John McCain’s very risky election takes place. After all, the current dismal economic future is purely the end result of greed – getting rich quick in the housing industry with little to no regulatory oversight, the same thing in all the major financial markets as the Republican leadership literally looked the other way innocently – NO government intervention in “free-markets” we were told, the flipping of mortgage paper and consumers flipping housing like it was going out of style – which it did as soon as the feces hit the fan, the greedy speculation of oil with NO government oversight again, driving the cost up on “open markets” (it was once unheard of major oil contracts being tied to the spot market instead of fixed price long-term contracts which created market stability), but the oil industry’s G.W. Bush White House desired the major oil contracts be tied to the spot market to increase the price and profit, or the low value of the dollar orchestrated by the Bush Administration to attract foreign investment and the selling off of America.
The true side bar to all of this is exactly what you see – total society chaos within our economy while the greedy pick over what they desire amidst all the nation’s confusion and financial turmoil. Remember all this economic chaos (high energy cost, housing crisis, financial market crisis, weak dollar), came about almost overnight with NO advance warning from our government – none whatsoever, so how did our government leadership NOT know (without looking the other way – it is way to incompetent for mere errors in judgment in so many situations to be coincidence), or why did they NOT care enough to become proactive and dampen if not head off this incredible economic cess pool the country is currently in.
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