Yahoo! : Uh Oh, The Grown-ups Are Here
"They have to be public about it," Ward [publisher of Boardroom Insider] said. "They have to leave a strong record of who said what and who and when....You document and then you re- document...You have to show not just that the i's are dotted, but that they are dotted twice."
That explains why CEO Yang's e-mail to employees that the board has yet to decide on the Microsoft offer was made public just shortly after it was sent out Wednesday.
In his e-mail, which was addressed to "yahoos" and written in the typical casual e-mail style with all the letters in lower case, Yang said the board was "thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape. And we've hired top advisors to assist through the process."
One alternative thought to be on the table is a deal with arch-rival Google to outsource Yahoo's Web search functions.
That sentence from Yang sums it all up. The director of Yahoo is writing in the style of a bad blog commenter, while the message itself is an egregious example of corporate buzzword pablum. Anybody running a corporation that would countenance essentially giving away your core business to your main competitor rather than let another entity buy it for twice what it's worth shouldn't be running a major corporation in the first place. The grown-ups have arrived, and brought money. A corporate change that will surely demand capitalizing the first word in each sentence is a small price to pay to save Yahoo from AOL's fate, don't you think?