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When things are not going as planned and you start to reminisce about the good 'ole days, what better tactic than to bring back the old CEO for a second tour of duty.
When Yahoo! (NASDAQ: YHOO) dumped Terry Semel, founder Jerry Yang took over the top spot again only to languish in the same murky waters with a lackluster stock. Yahoo's biggest news since Yang assumed the wheel was Microsoft (NASDAQ: MSFT)'s recently rejected offer of $31 per share for a stock that closed yesterday at $28.83.
It is of interest to me that in such high stakes M&A bartering, Yahoo thinks the offer is too low -- based on what, it did not say -- but if the deal does not happen, the stock may not be worth the current price. Go figure. Plenty of people that invested in Yahoo, like Legg Mason (NYSE: LM), agree with Yang.
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