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YOU GO INTO THIS WITH THE ENTHUSIASM THAT YOU HAD BEFORE? SCOTT: I DON'T. I THINK SHE IS THE MOST OVERPAID CEO IN HISTORY RIGHT NOW. TOM: WHAT IF THE REST OF YAHOO! DECIDES THERE DOWN FROM THE JUNE PEAK? SCOTT: YOU ARE ONE THING, YOU'RE ARE THE MOST TRAFFICKED WEBSITE IN THE WORLD, WHICH YOU SHOULD BE ABLE TO MONETIZE. THEY HAVE A TON OF EYEBALLS THAT YOU SHOULD BE ABLE TO TURN INTO MONEY. BUT YOU BROUGHT THE RIGHT POINT. THE COMPANY'S CORE BUSINESS IS IN DECLINE. THE CEO HAS MADE SOME OF THE WORST ACQUISITIONS IN THE HISTORY OF TECH. SENIOR-LEVEL HIRES THAT HAVE COST AN EXCESS OF $100 MILLION IN SOME INSTANCES. IN MY VIEW, IF THIS -- THIS IS GOING TO FILL UP MIGHT INBOX THIS MORNING, IF SHE HAD NOT ANNOUNCED THAT SHE WAS PREGNANT WITH TWINS, SHE WOULD NOT HAVE BEEN KEPT IN. TOM: YOU ARE WILLING TO SAY THIS? SCOTT: SHE GOT A REPRIEVE FROM DEATH ROW THAT SHE IS PREGNANT WITH TWINS. I REALIZE HOW AWFUL THAT SOUNDS, BUT SHE IS GOING TO GO DOWN AS THE MOST OVERPAID CEO IN HISTORY. TOM: WHERE IS HER BOARD, THEN, WITH HER BOLD STATEMENTS? WHERE IS THE YAHOO! BOARD? THIS IS WHAT YOU ARE EXPERT AT. BILL: -- SCOTT: SO FAR THE BOARD HAS BEEN A LESSON IN POOR CORPORATE GOVERNANCE IN A GAME WHERE YOU THEY CAN'T SHOOT STRAIGHT. I THINK THAT IT'S BEEN SOMEWHERE BETWEEN FIVE AND SEVEN CEOS IN THE LAST FIVE YEARS. TOM: JUMP IN HERE. >> I'M ENTHRALLED BY THIS CONVERSATION. THE STATEMENTS ABOUT MARISSA MAYER BEING THE MOST OVERPAID CEO IS SOMETHING YOUR INBOX WILL FILL UP ABOUT. LOOKING AHEAD, WHERE DO YOU THINK SHE NEEDS TO GO WITH YAHOO!? SCOTT: I THINK THAT THEY SHOULD HAVE BEEN SOLD A LONG TIME AGO. CLEARLY IT COULD BE SOLD AND BE IN SOMEONE ELSE'S HANDS. RATHER THAN FOCUSING ON THE BUSINESS OF SEARCH AND PORTAL PLAY, IT SHOULD BE SOLD TO MICROSOFT. WE SHOULD PUT A BULLET IN ITS HEAD. TIME TO EUTHANIZE THIS THING. BILL: SOMEONE, SOONER OR LATER, WHETHER IT'S A STOCKHOLDER OR SOMEONE WHO RECEIVES THE SHARES OF ALIBABA, SOMEONE IS GOING TO PAY TAXES ON IT. TOM: THERE IS A $10 MILLION TAX ON THIS. BILL: THE VALUE IN THE SPIN IS THAT IT GIVES INVESTORS AN UNDERLYING CHOICE. MICHAEL: YOU ARE WAITING ON THE SPIN IT THIS POINT OR YOU WOULD BE GETTING OUT? BILL: THERE IS GOING TO BE A TAX TO PAY. TOM: WE WILL CONTINUE WITH THIS. SCOTT, BILL, SOME REAL