Jerry Yang is still trying to figure out a way to keep Yahoo out of Microsoft's clutches. But failing that, he's at least trying to get MSFT to raise it's $31 bid for his company.
As well he should! Not only does Jerry have a fiduciary duty to YHOO shareholders, but as a 4% owner himself, he's got a vested interest in raising the takeout price. If he can get MSFT's bid up to $35, his 54 million shares will be worth another $216 million. And the $40 price Yahoo has publicly insisted on would be worth another $487 million.