Yahoo has been going through their fair share of company problems and their stock prices have been plummeting for four years. According to the Associated Press, the company botched an opportunity to sell to Microsoft at $33 per share in May of 2008 or $47.5 billion. Since September of 2008, the company's stock prices haven't gone above $20. Monday, Yahoo stock closed at $15.50 — which means that the company now has a market value of $19 billion.
|Full disclosure: I borrowed this image from this blog about Stephen King's encouragement to be honest, in his book On Writing.|
You could point to the wacky hedge fund manager who wanted to be on the board so badly that he exposed the inaccuracy on Scott Thompson's resume, the directionless board of trustees who OK any big changes in the company, or the seemingly unstoppable progress of Google's world domination for the decline in Yahoo's market share. But, the fact remains that the company has gone through four CEO's in five years. When a company doesn't have a strong leader and makes too many hasty decisions, they're bound to fail. Add to that the complication of dishonesty and the company becomes a ticking time bomb.
Honesty may not always be popular, but you'll sleep better and you'll likely not lose your job for it.
More reading on this story here and here.