The Jerry Yang Pride Tax
Jun. 14th, 2008 01:43 am![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png){kind=small}
libertangoThis commentary in the New York Times reminded me of something I wanted to work out.
It's been a while since I posted on Yahoo's spurning of Microsoft's offer. Now that all parties have agreed that the bid is really, truly, finally over, we can calculate something, Harper's Index style:
"JYPT" is the "Jerry Yang Pride Tax" assessed on the shareholders of Yahoo, and is pronounced, "gypped."
$13 billion just to give Microsoft a Golden Shower. And to think Eliot Spitzer was considered a spendthrift.
It's been a while since I posted on Yahoo's spurning of Microsoft's offer. Now that all parties have agreed that the bid is really, truly, finally over, we can calculate something, Harper's Index style:
shares: 1.38B price today: $23.47 MSFT offer: $33.00 difference: -$ 9.53 JYPT: $13.15B
"JYPT" is the "Jerry Yang Pride Tax" assessed on the shareholders of Yahoo, and is pronounced, "gypped."
$13 billion just to give Microsoft a Golden Shower. And to think Eliot Spitzer was considered a spendthrift.
