Word: microsoft
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Dates: during 2000-2009
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...announcement that Jerry Yang will step down as CEO of Yahoo! was welcome news to investors still seething that the founder turned down an acquisition offer from Microsoft earlier this year worth some $46 billion. (After Yang demanded $4 more per share than Microsoft's offer, the software giant walked away.) Yahoo! is in trouble - its stock price has fallen to around $11 from $29 in February 2008 and it's way behind Google and others in the fast-moving Internet innovation game. (The stock rallied slightly upon news of Yang's departure.) Yang, who took...
...surprising that Yang is stepping down as chief executive of Yahoo! His failure in June to accept an offer from Microsoft that would have paid stockholders $33 a share was the coup de schnook. So why didn't the board of directors oust him by Labor Day? Yes, there was the wrath of Carl Icahn, the proxy fight, the settlement that resulted in a reconstituted board. But that circus was all over and done with by July...
...Without Google in Yahoo!'s corner, Yang would never have been bold enough to try and squeeze an extra $4 per share out of Microsoft. By all accounts, he genuinely believed that it was a win-win situation: either he would exact a premium from Microsoft or he would team up with Google, which would sell ads against the world's most-visited website and revive its fortunes. How could Yahoo! lose...
...only real winner here is and always was Google. (It remains to be seen whether Microsoft will strike a deal with the next Yahoo! in Chief.) While I'm not suggesting that Google CEO Eric Schmidt was dissembling when he said in March that he was concerned about a Microsoft-Yahoo! deal, and I'm sure his motives were pure when he tried to broker his own deal to partner with Yahoo!, let's not forget that Google was once more competitive with Yahoo! than it was with Microsoft. That is, Google's search engine and subsequent targeted-ad strategy...
Today WGU is the nation's largest supplier of math and science teachers in urban school districts. And its alumni are hired by such FORTUNE 500 companies as Microsoft and AT&T. "[WGU] has earned a reputation for producing high-quality graduates, particularly in education," says Kevin Kinser, a professor at New York's University of Albany who studies online learning and is not affiliated with...