Yahoo Shakes Things Up

PreacherTom writes "Growing strife inside Yahoo! has erupted into a sweeping management and organizational shakeup. CEO Terry Semel announced yesterday that the company will be reordered into three groups: one to focus on advertisers and publishers, another to focus on Yahoo!'s base of over 500 million users, and a third on technology and development. While Semel denies layoffs are in the future, there will be replacements in the upper echelon for the world's most popular website. The changes, the most extensive at Yahoo in more than five years, cap months of speculation about how it would respond to slowing sales growth, a slumping stock price, and a steady stream of executive departures in the past year."

Comments

What do you expect?

[Dareth]

I mean this is the one company you know for a fact is run by a bunch of "Yahoos"!

Re:Yahoo is in trouble

[Anonymous Coward]

I clicked all around your site, and I couldn't find the warez. No cracked Vista, no Photoshop ISOs, nothing! I'm severely disappointed, and I'm suing you for false advertising.

Here's an idea

[SNR monkey]

Maybe they should relaunch their website as Houyhnhnm.com. I am sure it would be much more peaceful and rational than a company run by a bunch of yahoos.

Three envelopes

[rlp]

A new CEO is starting work. He walks into his new office, and the old CEO that he's replacing is packing up his stuff. The former CEO wishes his successor well and hands him three numbered envelopes which contain the solutions to any serious management problems.

After about six months, the stock slumps. The new CEO opens the first envelope. It says "Blame your predecessor". He holds a press conference and confidence in the company is restored.

Another six months pass and another crisis arises. He opens the second envelope. It says "Reorganize the company". He does so and the crisis passes.

After a year, things are terrible. The stock price is in a downward spiral. The CEO opens the third envelope. It says "Go get three envelopes ...".

No Layoffs?

[hondo77]

Layoffs, which at least one Yahoo executive had called for, are not in the plans.

Yahoo! also announced that they expect to overtake Google, in both market share and profitability, later this month thanks to their new strategic partnership with Santa Claus. An expected deal with the Easter Bunny should enhance their second quarter results.