Wednesday, May 2, 2012

Will Yahoo passing up on Microsoft’s offer go down as the biggest business blunder in tech history?

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There’s a reason why mothers shouldn’t judge their children in beauty pageants, why chefs rarely run the business side of restaurants successfully, and why Steve Jobs had to be fired and rehired before making Apple the biggest tech company in the world. Pride and prejudice get in the way of sound decisions sometimes, and when Yahoo didn’t take the $44.6 billion offer from Microsoft in February, 2008, many people pointed to co-founder Jerry Yang as the reason they hesitated and eventually lost the opportunity.

As Yang himself said, the consolation prize of working out a search deal with Microsoft “hasn’t gone the way they wanted.”

As Microsoft CEO Steve Ballmer said the day before Yang’s statement, “Sometimes you’re lucky.”

Posted via email from Inspiration

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