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Yahoo To Spin Off Everything That Makes It Yahoo (nytimes.com)
An anonymous reader writes: Yahoo has confirmed reports from last week by saying it plans to spin off all of its assets aside from its $31 billion stake in Chinese e-commerce company Alibaba. "In the reverse spin off, Yahoo's assets and liabilities other than the Alibaba stake would be transferred to a newly formed company, the stock of which would be distributed pro rata to Yahoo shareholders resulting in two separate publicly-traded companies." Their decision was spurred by how stock market traders were weighing the tax risk of spinning off the most valuable part of the company.
The article notes that this probably means trouble for CEO Marissa Mayer: "Ms. Mayer, who was hired in 2012 to turn around Yahoo, had planned to spin off the company's 15 percent stake in Alibaba, bundled with a small-business services unit, into a new company called Aabaco. She then planned to focus on improving the company's core business, the sale of advertising that is shown to the roughly one billion users of Yahoo's apps and websites. Ms. Mayer is now effectively back to square one. Yahoo's core Internet operations are struggling, even though the chief executive has made dozens of acquisitions, added original video and magazine-style content, and released new apps."
The article notes that this probably means trouble for CEO Marissa Mayer: "Ms. Mayer, who was hired in 2012 to turn around Yahoo, had planned to spin off the company's 15 percent stake in Alibaba, bundled with a small-business services unit, into a new company called Aabaco. She then planned to focus on improving the company's core business, the sale of advertising that is shown to the roughly one billion users of Yahoo's apps and websites. Ms. Mayer is now effectively back to square one. Yahoo's core Internet operations are struggling, even though the chief executive has made dozens of acquisitions, added original video and magazine-style content, and released new apps."
Did she actually fuck up big-time, or did she just sort of muddle through without actually achieving much?
Because if it's the former, she could run in 2020.
Confucius say, "Find worm in apple - bad. Find half a worm - worse."
Yeah, it took Ellen Pao at least 4 or 5 jobs to show how incompetent she really was.
SJW: Someone who has run out of real oppression, and has to fake it.
They act like a vagina is some sort of magic wand that can only do good things.
That's a function of all straight males, not just SJWs, and of course they're entirely correct.
Linux, you magnificent bastard, I read the fucking manual!
Ya-who ?
It must have been something you assimilated. . . .
Is paranoia and misogyny all that Slashdot has to offer these days?
Nope. We got spelling errors. Grammar issues. Non sequitors and logical fallacies up the wazoo.
Not to mention ad hominen attacks.
We're quite well rounded, actually.
Faster! Faster! Faster would be better!