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Yahoo is arguably the worst-run major company in the history of high tech. In 1998, Yahoo could have bought Google for a mere $1 million. Four years later, after Google was already crushing Yahoo’s search-engine business, Yahoo offered $3 billion for Google, and was turned down. Google wanted $5 billion, but Yahoo wouldn’t pay that much. Google is now worth more than $350 billion. In 2008, Microsoft offered $44 billion for Yahoo, an offer Yahoo rejected. And then on Monday, it was announced Yahoo would be sold to Verizon for a mere $4.8 billion...

- Robert Stacy McCain