From Marketwatch of 3 Nov 2008:
Quote:
"Yahoo enjoys an extraordinary market position across nearly every category in which we compete, and Scott has been an important leader in building this success," executive vice president of Yahoo U.S. Hilary Schneider said in a statement.
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I watched her speech as she accepted the CEO position in Yahoo!. It was unspectacular. She demonstrated no grasp of the company or its industry. Well, Jerry Yang was apparently getting someone he could control.
Yahoo could have sold off to Microsoft as Compaq did to HP. At $30 per share compared to $13 today. Worse is the talent leaching from Yahoo in all directions:
Quote:
Other Yahoo executives who have departed recently include executive vice president of engineering for search and advertising technology Qi Lu, executive vice president of the network division Jeff Weiner and senior vice president of communications and community Brad Garlinghouse.
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That's just about every Yahoo core business. 85% of all problems are directly traceable to which Yahoo?
Yahoo! will continue to disintegrate until either is fixes top management, gets fixed by a hostile takeover, or bankruptcy forces Yahoo! to fix its biggest problem.
Jerry Yang was rumored to have had dinner with Murdoch in hopes that NewsCorp would participate as a White Knight. Instead, after the dinner, Murdoch endorsed the Microsoft bid. Yahoo! is in that much trouble. But then some of Yahoo! updated software was so full of bugs that those old software should have been restored. Just another indication of how bad Yahoo! has been long before the stock market saw it.