It's all about share-holder value. Even hers. She found a buyer and saved coin. So she made ~$200 mil. Good for her.
To me Yahoo! always seemed doomed. The Microsoft bid ~8 years ago shed Yahoo in a bad light - a company struggling to stay on top against Google and Bing. At the time I wondered why MS would want Yahoo - didn't seem like a good fit. Yahoo was buying search results and not making them (or being paid to send requests to MS) - Search as a Service? okay - the engine isn't the special sauce, but the data is (who searched for what).
She did the best with what she had. We can all argue whether Verizon is going to be a good fit. But Time-Warner bought AOL bought Netscape ( Netscape who? yeah that was only the biggest thing on the web). But was it TW the bad steward? AOL? the mix? Or did Netscape implode and buzzards bought the carcase? (I think they imploded having no product). Could Yahoo really have been turned around - or does it need a corp overlord like Verizon to make it happen. Is Yahoo really a standalone company or a bunch of product subdivisions.
This is where I think Yahoo was headed. AOL like it, and Compuserve, and that Apple thing (yeah - remember Apple had one too - can't remember the name). Things come and go. Maybe Verizon can find a home for it - the name Yahoo! might be worth something (someday).
Like Circuit City !!!