How can a member of the BOD of a company have said company buy the shares he holds in his hedge fund? If it's not illegal, it ought to be. Of course it's collusion and unethical, front-running other investors. Score another one for Wall Street crooks. He realizes that once the Alibaba shares are gone, Yahoo and Mayer have nothing . Mobile "strategy" is laughable. Scott Thompson had vision, where Loeb and likely Mayer have none.
That rat you smell is just another self serving hedge fund manager who only pays 13% in taxes for all the money he makes. Perhaps if he paid at a rate as high as everyone else he might not have been anxious to get out. If everyone is criticizing MM because the earnings disappointed where is the criticism for this creep who bought in, took control, ran it up and then dumped it. It is everything that is wrong with wall street.
Nah, they put out earnings, market has info, employees are probably in a sell window, and Loeb makes a BILLION (think Austin Powers) dollars! If I had a chance to make a billion and surf everyday off my yacht, I'd take the money. Plus, if he left some upside on the table, then he has a strong defense down the road from shareholder lawsuits. Remember, when Steve Jobs returned cheap Apple options in exchange for a stupid jet? I think people are reading too much into this transaction.
be reasonable, be logical.......it would take a lot of buying to bid the stock up to ~40.....there are not enough buyers who think think yahoo! alibaba ownership is worth ~40 per yahoo share..........where do you folks get your logic?........parents & teachers, I guess.......yikes! lol