Just Kidding About That Poison Pill Thing

Yahoo Now Wants To Be Acquired by Microsoft:

Talk about a 180. Yahoo’s CEO Jerry Yang spoke at the Web 2.0 Summit in San Francisco; him and his company are tired, battered and bruised. But his message is now - suddenly, and amazingly - clear: Yahoo wants to be bought by Microsoft.

Microsoft, you’ll recall, offered $31 a share for Yahoo when the company’s stock was selling for $20, and Jerry did everything short of booby trapping his office to kill the deal.  Now the stock is selling for $14, and the company is letting go of 10 percent of its work force.  With Jerry and the board members who backed him still working there, are the cuts are happening in the wrong place?