Despite its bold rejection of Microsoft $44.6 billion buyout offer, there is not peace around the Yahoo board table.The Bostock group is concerned that Yang's strong emotional resistance to the Microsoft deal is trumping his fiduciary duty to look out for shareholders' interests. All corporate directors face personal liability for actions that violate the "duty of care" and the "duty of loyalty" to shareholders."The emotional part of Yang would rather do anything but sell to Microsoft, but he doesn't have the cards to come up with a value-creating, competitive alternative for shareholders," an unidentified source told the newspaper. Aligned with Yang are Eric Hippeau of Softbank and Robert Kotick, CEO of Activision, said the Post's source, who appears to be closely aligned with the Bostock faction. "They're just as emotional as Jerry and as biased against selling to Microsoft as he is."
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