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Posts tagged with: jerry yang

Carol Bartz To Be Named Yahoo CEO


Finally the impossible has happened! Yahoo has managed to find a New CEO to replace Jerry Yang. According to Wall Street Journal, Carol Bartz, former chief executive of software company Autodesk Inc., has accepted an offer to become Yahoo’s next CEO.

Wall Street Journal writes:

Ms. Bartz, 60 years old, will face a number of challenges as she tries to turn around Yahoo’s flagging performance and stock price. Some investors have been lobbying for a break-up of the Internet giant, for instance. Yahoo faces tough competition from Internet rivals such as Google Inc.

TechCrunch speculates that Bartz is most definitely an ally of founder and outgoing CEO Jerry Yang as they both sit on Cisco’s board. Bartz also sits on Intel’s board with Yahoo president Susan Decker. So this shows that she really has some strong connection with existing Yahoo’s management team.

Yahoo is yet to release any official statement on this regard. So I’ll try to keep an eye on the Yahoo’s Corporate Blog for latest updates.

Don’t worry, like always I’ll keep you informed! So what do you think of Yahoo’s New CEO? What would be her possible strategy & Goal – Save yahoo or Sell yahoo?

Robert Scoble suggests that Yahoo should integrate all their services and produce a live-feed like service, similar to what friendfeed & facebook is doing.

He writes:

Yahoo is in a good position — if it builds a decent news feed like what friendfeed and facebook have and does it quickly. That is the key to integrating all of its services together (and giving its sexy services like Flickr and Upcoming.org a shot).

John Battelle highlights that Bartz does have a lot of media experience even though she may have a lot of experience in other parts of the technology world.

He writes:

Yahoo needs a stronger suite of media-savvy executives now that Weiner and Rosensweig are gone.

Catch more discussion on this topic @ Techmeme.

Update: CNBC has confirmed that Bartz is taking the job! CNBC writes:

Shares initially climbed about 1 percent on the news but quickly settled back as investors began to digest whether Bartz would indeed be the best executive at the right time for the struggling internet pioneer. Speculation about Bartz transition into Yahoo’s C-suite began circulating last week, and while her name initially sparked raised eyebrows

Yahoo CEO Jerry Yang Decides to Step Down

Jerry Yang Yahoo CEO Decides to Step down from CEORight after Jerry Yang’s Interview at the Web 2.0 Summit, the whole blogosphere was demanding Jerry to step down from his CEO position… and now it looks like he has finally taken the initiative to search for a new CEO to replace him as he plans to step down and go back to his former role as Chief Yahoo!

The official press releases from Yahoo says:

Yahoo! Inc. (Nasdaq:YHOO) today announced that its Board of Directors has initiated a search for a new Chief Executive Officer. Jerry Yang, co-Founder of Yahoo!, has decided to return to his former role as Chief Yahoo! upon the appointment of his successor as CEO, and he will also continue to serve on the Board. Yang, 40, assumed the CEO role at the Board’s request in June 2007, and he has led Yahoo! through a strategic repositioning and transformation of its platform. Chairman Roy Bostock, working with the independent directors and in consultation with Jerry Yang, is leading the process of assessing potential candidates and determining finalists for consideration. The search will encompass both internal and external candidates, and the Board has retained Heidrick & Struggles, a leading international executive search firm, to assist in the process.

Jerry also wrote a personal memo to all yahoo employees (which was obtained by BoomTown).

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Jerry Yang Making A Fool of Himself

Jerry Yang - CEO, Yahoo

Jerry Yang - CEO, Yahoo

Yahoo’s current CEO Jerry Yang very recently gave an interview in the Web 2.0 Summit that has been described as a train wreck, self-delusional, and as making a mockery of the vaunted company he helped create. Andy Beal of Marketing Pilgrim thinks that Jerry should step down from the CEO post and TechCrunch on the other hand states Jerry is Just Out of Gas!

I seriously don’t understand what is wrong with him. I know that it’s not easy to become the CEO of a company like Yahoo!, but lets face the facts — he was never forced to become the CEO, He wanted it badly to bring change in the company back in June 2007. In the official Yahoo Blog he wrote (June 18th 2007) –

I look forward to teaming more closely with her as we pursue our joint vision. What is that vision? A Yahoo! that executes with speed, clarity and discipline. A Yahoo! that increases its focus on differentiating its products and investing in creativity and innovation. A Yahoo! that better monetizes its audience. A Yahoo! whose great talent is galvanized to address its challenges. And a Yahoo! that is better focused on what’s important to its users, customers, and employees.

Lets identify the key points from the above quote:

  • Focus on Differentiating Products & Investing in Creativity & Innovation
  • – They have been very late to adapt to change and often acted as a ‘copy cat’.

  • Monetize the Yahoo Audience
  • – Yahoo still can’t monetize their audience well.

  • Focus on What’s important to Users, Customer & Employees
  • – They are still far behind in determining whats important for their users & customers and most importantly they can’t make their shareholders happy.

And last but not the least, two major deals (one with Microsoft & Google) were canceled while he is still holding his chair. Now I know he may only take a $1 dollar pay cheque from Yahoo, but that certainly doesn’t give him the right to destroy Yahoo completely. When Microsoft came knocking at Yahoo’s door a number times with an acquisition offer of $31/per share, Jerry was not willing to sell his company to Microsoft and now suddenly after being dumped by Google from their ad deal, Jerry says – “Its best for Microsoft to Buy Yahoo…”. Just watch the video and see how Jerry Yang, the current CEO of Yahoo! Makes a complete fool of himself!