FORTUNE MAGAZINE - Fortune Investor Daily, Last Updated: October 23, 2008: 4:02 PM ET

By Adam Lashinsky, senior writer

SAN FRANCISCO (Fortune) — Here’s why you should buy, not bail, on Yahoo.

1. Eventually, management will get tossed.

Starting with the least scientific or analytical reason for owning Yahoo, there’s every reason to believe the days are numbered for CEO Jerry Yang and President Susan Decker. By all accounts fine people, they simply haven’t led Yahoo well.

The former excelled as Chief Yahoo, dabbling in deals and motivating the troops. But Yang hasn’t been a decision leader and is “lurching from crisis to crisis,” as The New York Times aptly phrased his tenure. Decker, in turn, is widely derided in Silicon Valley as too much the finance chief, not enough the operations guru.

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Silicon Alley Insider - Henry Blodget | October 16, 2008 1:04 PM

*UPDATE: An hour later, Microsoft corporate is frantically backtracking:

“Our position hasn’t changed. Microsoft has no interest in acquiring Yahoo; there are no discussions between the companies.”

When we followed up on this, a Microsoft source explained that Steve made the “deal still makes sense” remark while deep in a discussion with Gartner Group analysts (”Response to a question opened up some questions.”) Our take, therefore, is that Steve Ballmer just inadvertently revealed HIS OWN attitude toward a Yahoo deal, not Microsoft’s official one. But given that Steve is Microsoft’s CEO, it’s his own attitude that matters.

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Fortune - August 14, 2008, 7:52 pm

By Yi-Wyn Yen

Former Viacom CEO Frank Biondi and former Nextel CEO John Chappel will join Carl Icahn as the newest additions to Yahoo’s board.

All eyes are on Icahn and his gang. The three amigos will need to start making changes to placate shareholders soon because if they don’t, it’s likely that nobody on the board will. The three were part of Icahn’s original proxy slate that ran under a campaign to sell Yahoo (YHOO) to Microsoft (MSFT). Icahn dropped the fight in July in exchange for three seats on the company’s board.

Shareholders are still waiting for Yahoo to come up with a plan that will drive up the stock. Since mid-June, when Yahoo announced that talks with Microsoft were over, the stock has dropped roughly 20% in value and has hovered in the low $20s. Microsoft had originally offered to buy Yahoo at $31-a-share. Earlier this month investors re-elected Yahoo’s eight incumbents. But investors signaled their unhappiness with CEO Jerry Yang and chairman Roy Bostock. Yang received 66.3% of the votes while Bostock received the least, with 60.4% votes.

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Sillicon Alley Insider - Peter Kafka | August 11, 2008 4:37 PM

Kara Swisher, last seen immersed in the great Yahoo hanging chad scandal, is back with news that will be more pertinent to Yahoo employees and shareholders: The company, she says, is considering yet another round of cuts.

Kara surmises that cuts will be the outgrowth of two “navel-gazing strategy overview efforts” codenamed Aikido and Judo. But really, they’re a product of the fact that Yahoo is struggling with its top line, and is going to have take out costs in order to meet operating cash flow projections. Read the rest of this entry »

FORTUNE - Techland, August 5, 2008, 9:04 pm

By Yi-Wyn Yen

Yahoo (YHOO) on Tuesday disclosed that CEO Jerry Yang and other directors were re-elected last week to its board with far fewer votes than previously thought.

On Tuesday, Yahoo said it learned that Broadridge Financial Services, a proxy accounting firm that handles submitting votes for major shareholders, forgot to include millions of votes in its tally. Five of Yahoo’s nine incumbents received a much lower margin of approval after votes from Yahoo’s largest institutional shareholders, Capital World Investors and Capital Research Global Investors, were belatedly added.

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FORTUNE - August 1, 2008, 5:25 pm

By Yi-Wyn Yen

SAN JOSE, Calif. –Carl Icahn made the right choice not to fly out west to attend the Yahoo shareholder meeting Friday.

The billionaire activist who is the newest Yahoo director wasn’t the only one that didn’t show up to the  gathering. Judging by the number of shareholders who did attend, interest in the annual meeting was fairly low. But there were still some fireworks from shareholders who remain disgruntled over how Yahoo’s board handled buyout negotiations with Microsoft.

Eric Jackson, a dissident shareholder from Florida, kicked off the question-and-answer session  by criticizing Yahoo chairman Roy Bostock. “I think you’re overpaid for compensation,” Jackson said. “I think you overplayed your hand with Microsoft and you’ve overstayed your welcome.”  The audience clapped and cheered and then laughed when Yang replied, “Eric… It’s good to see you again.”

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Sillicon Alley Insider - Henry Blodget | August 2, 2008 4:18 PM

Given the rampant speculation that Jerry Yang should or will exit stage left as Yahoo’s CEO, Yahoo’s Board had to do one of two things:

1. Can him
2. Reiterate full confidence in him.

Yahoo’s chairman Roy Bostock appears to have just done the latter in an interview with the New York Times:

Roy Bostock… said the board has no plans to replace its C.E.O. “I have absolute confidence in Jerry and the management,” he said in an interview last week.

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