There is no doubt in my mind that Yahoo! (YHOO - Get Report) is one of the most dysfunctional public companies on the planet. No doubt it deserves its prominent presence on my list of the worst-run companies.
Yahoo!'s co-founder and former CEO Jerry Yang finally resigned from the company earlier this year. He will be long remembered as the CEO who turned down a large takeover offer from Microsoft (MSFT) several years ago. That came a few months following the firing of CEO Carol Bartz, who produced nothing over her nearly two-and-a-half-year tenure at the company.Now former PayPal President Scott Thompson is Yahoo!'s CEO. Thompson plans to split the company into three divisions. Talk about rearranging the deck chairs. Priority No. 1 should be monetizing the company's holdings in Alibaba. Priority No. 2 must be returning cash to shareholders. Priority No. 3 has to be selling the company. The problem is that the company has been up for sale for over a year now, and there are no takers. For another take on Yahoo!, check out " 5 Rocket Stocks to Buy in May."