Legal Commentary

The Bear Stearns imbroglio has sucked up much of the attention that would have otherwise been lavished on the Microsoft-Yahoo showdown.  Here's a snippet from that drawa:

One of the next steps in the Microsoft-Yahoo melodrama is for Microsoft to nominate a slate of directors to replace the ones it will try to get fired at Yahoo's shareholder meeting . . . . The problem? The "word on the street" is that Microsoft can't find anyone willing to take on the job . . . .

Potential directors are reportedly--and understandably--concerned that the filing of a slate of dissident directors is just a negotiating move by Microsoft, one that isn't worth destroying Yahoo and Valley relationships for.

An anonymous source, along with a bunch of the commenters, believes this story is "horsefeathers."  Regardless, it is a taste of the fun to come.