
Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET

Microsoft CEO Steve Ballmer
Microsoft's strategy makes some sense, but CEO Steve Ballmer fails to anticipate Yahoo chief Jerry Yang's intransigence, which ultimately scuttles any chance of a deal. Nor does Ballmer foresee the economic crisis that, by year end, is dragging down the tech sector. With Yahoo shares trading at $12 apiece, the company is now worth $17 billion. Ballmer, however, gets the last laugh: by year end, he's still calling the shots at Microsoft. At Yahoo, Yang isn't. -- By Adam Lashinsky, Fortune editor at large
What do you think was the year's Dumbest Moment in Business?Join the discussion now.
NEXT: Yahoo turns down payday
Last updated December 31 2008: 10:36 AM ET
Last updated December 31 2008: 10:36 AM ET