Re:Yahoo to cut 15 percent jobs, close several units
by toomuchtodo on Monday February 01, 2016 @04:38PM
(#11015678)
Have you never heard of a corporate charter? Shareholders are a component of a company, but not the reason a company exists.
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Re:Yahoo to cut 15 percent jobs, close several units
by prostoalex on Monday February 01, 2016 @09:12PM
(#11017263)
Sure, so what does Yahoo's corporate by-laws or S-1 say?
The problem is that they already sold shares on the premise of being a for-profit entity extracting values to their shareholders.
They could have become an employee-owned co-op or a non-profit entity like Wikimedia or Craigslist, but at some point they chose not to.