More discussion: http://news.ycombinator.com/item?id=3476665

This is a good thing for Yahoo! Jerry Yang was a good founder and entrepreneur, but he doesn't have the skills or knowledge to run a Fortune 500 company. His decision not to sell to Microsoft and hiring Carol Bartz are some of his most fatal mistakes as Chief Yahoo!

Agree. Turn down $33/share from MSFT, you'd better have a killer plan to get your valuation higher. Never saw anything indicating a better plan.