Alright, here are two media examples of “overplay one’s hand”:
1. Yahoo was told to stop acting like a “jilted girlfriend” and get over the Microsoft affair which resulted in a failed $47.5bn bid to buy the internet portal.
Shareholder Matthew Rafat made his comments at Yahoo’s annual meeting of stockholders - which did not turn out to be as combative an affair as expected, with the board winning re-election.
There has been a lot of shareholder anger over how the Microsoft offer was handled but that was not in evidence at the gathering which was attended by around 150 people.
Chairman Ray Bostock disagreed with “the romantic analogy” and told shareholders there was “a lot of misinformation and misunderstanding” surrounding the Microsoft negotiations.
But Mr Rafat, whose family owns around 200 shares, told the BBC raking over the details of the deal was a bad move.
“This makes Bostock look like a jilted ex-girlfriend trying to save her dignity in the face of a larger more formidable suitor. And that’s not a good sign for the company."...
Stockholder Eric Jackson of Ironfire Capital, who controls a consortium of 3.3m shares, had another view and left the board in no doubt about his feelings.
“I think you overpaid on compensation. I think you overplayed your hand with Microsoft and I think you overstayed your welcome after last year’s vote and should do the honourable thing and step down from the board.”
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