I've worked at Fortune 500 companies, and been involved in many takeover deals in my time. I don't claim to be an expert at it, but I certainly understand the fundamentals.
I've been watching Microsoft's unsolicited bid for Yahoo! very closely, both because the business of it interests me, and the outcome of it could affect WebGUI.
From the business side, I often watch or listen to podcasts of CEO's giving their annual address to shareholders, or doing interviews in prominent magazines. Watching CEO's of other companies for me is a little like watching your favorite player if you're a sports fanatic.
But there's one CEO that makes me absolutely sick. His name is Steve Balmer. He may be the head honcho at the most powerful company on earth, but there's nothing I admire about him. While I didn't always agree with Bill Gates, I admired him immensely. Not so with Balmer. He has no redeeming qualities as far as I'm concerned.
What I don't get is how the CEO of one of the richest companies around can be such a child. This weekend he pulled what amounts to a big 'neener neener boo boo' sour grapes move. Yahoo! decided it didn't want to get bought, and Balmer was so pissed off about it, that he decided do a total dick move to devalue Yahoo!'s stock price, either in the spirit of 'if I can't have it the nobody will' or 'maybe I can screw them over and pick them up for a song'.
Here's what he did: He sent an open letter to Yahoo!'s CEO Jerry Yang.
Date: 5/6/2008 9:45 am
It appears that I'm not the only one to have these thoughts about Balmer.