Friday, May 16, 2008
Memo to Jerry: Mark Cuban, Jethro Tull and Thee!
It’s clear that Yahoo and its CEO and Co-Founder Jerry Yang have got to be a little more than miffed that billionaire entrepreneur Mark Cuban is on billionaire investor Carl Icahn’s board as he begins a proxy fight to control the troubled Internet company.
As BoomTown noted in a post yesterday, there is no love lost at Yahoo for Cuban (pictured here), who sold Broadcast.com for $5.7 billion in cash to the company at the peak of the bubble in 1999, skedaddled quickly and then made bank by hedging his Yahoo shares and enjoying the proceeds extravagantly.
But, it is actually quite unfair, given it was Yahoo that did precious little with its Broadcast.com’s assets after paying so much for the company.
