Henry Blodget, the former stock analyst who kicks himself every day for still being a Yahoo shareholder, notes that Yahoo spent $37 million on advisory fees in the third quarter.

aft news / Henry Blodget, the former stock analyst who kicks himself every day for still being a Yahoo shareholder, notes that Yahoo spent $37 million on advisory fees in the third quarter. What did it get? A botched Microsoft buyout; a search deal with Google that’s getting a rough reception by antitrust cops in Washington, D.C.; and Carl Icahn on its board — a man Jerry Yang and company called a technological nincompoop on Yahoo’s own homepage. In other words, nothing — save for cutting its operating income by more than a third. That $37 million did, however, result in one concrete cost-saving initiative. Rest and Source

(Photo by AP)

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