There's never a shortage of silly corporate moves. Let's take a look at five that may make your head spin.
1. Why read the book when you can botch the Movies.com?
2. Another week, another Yahooligan sighting
However, this week's chuckle comes from the top. CEO Jerry Yang and Chairman Roy Bostock sent a letter to shareholders, explaining recent events. The note also suggests that investors should side with the current slate of directors because it has "the independence, experience, knowledge and commitment to navigate the Company through the rapidly-changing Internet environment, execute on our strategic objectives and deliver value for Yahoo! and its stockholders."
Independent enough to green-light a prohibitive severance plan that will scare off potential acquirers? Experienced enough to blow market share in a booming industry? Knowledgeable and committed enough to blow the Microhoo deal and fail to grow its share price organically?
3. From beats to beans
The greasy, aroma-eroding breakfast sandwiches had to go. Now it's time for the CD offerings to thin out. Starbucks
4. Do like a banana and split
IAC is also taking a $300 million goodwill impairment hit on Cornerstone Brands, a cool admission that it overpaid for the catalog retailer. What purchase do you think IAC regrets more -- Lending Tree or Cornerstone?
5. This explains the sleepy ticker symbol
Let's beat the dumb drum: