Wednesday, July 30, 2008
Yahoo Annual Meeting Countdown (2 Days to Go!): Slim Pickens!
Oh dear, oilman T. Boone Pickens has apparently been Yanged.
That sounds like something that would happen out on the back 40 of a Texas ranch that no one in the clan ever discusses in polite company.
Actually, losing about $50 million is also something moneymen like Pickens don’t like to talk about either, even if he is as rich as can be.
Of course, in dumping his 10 million shares so precipitously, Pickens’s parting shot showed exactly what Yahoo’s big weakness is as the company heads into its annual meeting on Friday: an increasingly depressed stock.
