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Tuesday, July 15, 2008

An Insider's Look at Allen & Company's Sun Valley Retreat

15sorkin-1.600 In his regular Tuesday column in The New York Times, Andrew Ross Sorkin gives us an insider's look at media moguls Murdoch, Ballmer, Yang, Ichan, Schmidt and Parsons as they interact at Allen & Company's annual Sun Valley retreat. Sorkin pays particular attention to Yang and his current challenges in helping Yahoo find its way. Here's a short excerpt, but you really should read the whole column:

Think about it: “What global company in their right mind formally teams up with Mr. Icahn?” as one invitee asked. Mr. Icahn may be a brilliant investor — he actually doesn’t get enough credit or respect for that — but let’s be honest, he doesn’t use a computer, let alone know how to run Yahoo. And what does it say about Microsoft? The notion that Yahoo’s board would sell the crown jewel, its search business, to Microsoft and then hand over the scraps of the company to Mr. Icahn is, as Roy Bostock, Yahoo’s chairman, said, “absurd and irresponsible.”

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