Hi ThinkMobile readers - all the great mobile apps, devices and reviews are now a part of mediabistro's SocialTimes.com. Thanks for reading!

Oil Tycoon: Yahoo Management ‘Pathetic’

Yahoo_Campus.jpg

Billionaire investor and oil tycoon T. Boone Pickens has skewered Yahoo’s management for failing to reach a deal with Microsoft to sell all or part of the Web portal, according to the The San Francisco Chronicle.

The report said that Pickens, who bought 10 million Yahoo shares in May in hopes that an acquisition was imminent, said Monday that he got “tired of waiting for a deal” and sold all his shares at a loss. “I think that Yahoo management was pathetic,” Pickens said in the report.

What’s significant about this is that Pickens didn’t invest until after that other billionaire investor, Carl Icahn, bought a stake in Yahoo and promised to sideline its board in favor of a more merger-friendly lineup.

At any rate, the all-important Yahoo shareholder meeting is tomorrow, so we’re bound to hear something by then. And you thought this was over.

Related Stories
Mediabistro Course

Content Marketing 101

Content Marketing 101Almost 60% of businesses use some form of content marketing. Starting December 8, get hands-on content marketing training in our online boot camp! Through an interactive series of webcasts, content and marketing experts will teach you how to create, distribute, and measure the success of your brand's content! Sign-up before November 10 to get $50 OFF with early bird pricing. Register now!