Why do they have to throw hundreds of millions of dollars at people who aren't expected to turn things around? I thought the whole point of paying that money is that these people make the impossible possible.
Yahoo is apparently still worth ~$4 billion. For quite a while there, its nominal stock value was negative after dispatching Ali Baba, despite cash-on-hand in excess of zero.
I'm not a fan of Meyer's, but she managed to keep the beast alive, where her predecessors were killing it swiftly.
