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Yesterday was like Christmas for securities lawyers and activist Yahoo shareholders. Microsoft CEO Steve Ballmer walked away from his $40-plus billion offer on Saturday; shares plunged on Monday; and Yahoo CEO Jerry Yang was widely criticized for acting out of self interest — and not on the behalf of shareholders.
Jackson, 35, isn't a longtime Yahoo shareholder, though. Nor has he ever managed a publicly traded company. During the last dot-com bubble, he was in school. In fact, it's hard to see what practical experience he has that could be…










