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But if Jerry Yang had sold Yahoo in 2008 then shareholders wouldn't be left holding a company today that is worth less than half what MSFT offered, would we?

But that was an emotional decision, and he made the wrong one.

Still not a moral question, imho.

It's only wrong for certain criteria of 'wrong'.

Who can say what would be left of Yahoo if MSFT sprinkled their unique webfail all over it? I'd expect that they would have destroyed most of it.

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