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Yang calls Microsoft bid 'galvanizing'

2:12 pm on Feb 27, 2008 (gmt 0)

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There's nothing like the threat of losing what you've spent your adult life building to encourage a little focus.

Yahoo founder and CEO Jerry Yang said at an advertising conference in Phoenix Monday morning that Microsoft's multibillion-dollar offer to buy Yahoo is a "galvanizing" event for his (and here comes that word) beleaguered company. Yang said he's meeting with his board of directors and key "constituents" to defend against what many expect to soon turn into a hostile bid.

Here's a thought: Where was this "galvanizing" energy before Microsoft came along? It wasn't apparent when former CEO Terry Semel's sprawling media strategy was starting to collapse under the weight of its shiny, new Santa Monica, Calif., office. It wasn't readily apparent in the eight months since Semel left the company. It certainly wasn't apparent as Yahoo watched Google turn the race for search market share into a laugher. Nor was it apparent in the slow reaction to the company's share price slide that led up to the Microsoft bid.

From: cnet news blog. Posted by Jim Kerstetter.