[citation][nom]alidan[/nom]so... he didnt sell yahoo to microsoft... and that was a bad thing? so people wanted quick money, didnt get it, jumped ship, and than drove stock down...[/citation]
Yes it is a bad thing - microsoft were willing to purchase yahoo for 60% more than it was worth, stock for stock. Investors are in it for the cash because guess what... they invested for a reason - if they miss out a chance to get a huge profits it will upset them, they will sell up to protect what they currently have and stay away from yahoo in the future. look at the stock plummet to just 9p after the deal was denied.
Maybe he simply realized that he is not getting any younger. With a full bank account (give or take a few billions makes really no difference) he can enjoy life instead of going from board meeting to board meeting.