Tagged: carl icahn

McDonalds 0

May 15, 1940: The First Corporate McDonalds

1940 – The first Corporate McDonalds restaurant opened in San Bernardino, CA by Richard and Maurice McDonald. “Speedee” was the mascot back then – a hamburger-chef that was poised upon the McDonalds sign. The “Golden Arches” dawned on the sides of the restaurant. In 1955, Ray Kroc took notice and partnered up with the brothers. They created the corporate version of McDonalds at that time. He opened the 9th store in Des Plaines, IL and eventually took the headquarters there. The original McDonalds was demolished in 1976. Full Day in Tech History podcast show notes for May 15 The First McDonalds The...

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Yahoo! 0

May 4, 2008: Microsoft Pulls Yahoo Offer

2008 –  After months of bid negotiations and Yahoo’s Jerry Yang saying “No”, Microsoft decided to take their $50 billion dollar offer off the table. Although Microsoft pulled the offer, it was not the last time we would hear about it. Carl Icahn would lead a charge to try and re-instate selling or have Yang off the Yahoo board. On February 1st, 2008, Microsoft offered $45 billion ($31 / share) to purchase Yahoo! Ultimately, in 2009 Carol Bartz sold Yahoo search technology to Microsoft in a 10-year agreement, which (in an updated agreement on April 2015) may be terminated on...

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January 17, 2012: Jerry Yang Resigned from Yahoo!

2012 – Yahoo! had some turbulent times from 2007 when founder Jerry Yang was CEO. Of course the big debacle being the Microsoft bid, which took over 9 months to settle with Carl Icahn being a major instigator. Add to that the 2007 incident of the arrest of Shi Tao and Yahoo’s stance. Tao was arrested for divulging trade secrets and Yang put out a statement saying “We have to comply with Chinese Law”. During this whole time, Yahoo shares were declining. Yang was replaced in 2009 by Carol Bartz, but remained on the board until 2012 when Yang fully resigned from...

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November 17, 2008: Jerry Yang Steps down as Yahoo! CEO

2008 – After battle upon battle between Microsoft, Google and shareholders (including Carl Icahn), Jerry Yang finally announced to all he was stepping down as CEO of Yahoo! The previous days, Steve Ballmer said they are not going forward with any future purchase of Yahoo! Because of this, stock hit it’s lowest share price, $8. That, the failed Google affiliation (due to antitrust issues), and a very despondent group of investors, Jerry felt it best to step back in his roll. This Day in Tech History podcast show notes for November 17 USB 3.0 Specification is released Apple vs. Carl Sagan...

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Apple Lisa 0

May 15, 1985: Last Lisa Mac XL Produced

1985 – The last Lisa Mac XL computer rolls off the assembly line. It was first introduced on Jan 19th, 1983 for $9,995. Sun re-marketing purchased about 5,000 Macintosh XLs and upgraded them. Some leftover Lisa computers and spare parts are still available today. Full Day in Tech History podcast show notes for May 15 The First McDonalds The Love Bug strikes Carl Icahn officially launches a Proxy fight against Yahoo CBS Acquired CNet Supposed Coca-Cola recipe sold on eBay for $15 million Podcast: Play in new window | DownloadSubscribe! Apple Podcasts | Android | RSS | More

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