June 23, 2008

Jerry Yang learned the lesson of "...all my rich friends sold too soon." Now, will Yahoo survive the management exodus?

Yahoo may have missed the boat with the Microsoft offer, but today it faces more fundamental problems of concern to potential investors.
(1)- can Yahoo define what kind of company it really wants to be? (a portal, platform, search engine, etc)
(2)- are all of the recent senior management departures a loss of faith in Yahoo or the CEO?

Tagged:

Comments

bahellman: Can you explain the lesson mentioned above?
stevelup: "All my rich friends sold too soon" is a tongue-in-cheek lament often heard among investment bankers and venture partners to chide colleagues who held on to investment positions too long. The lament sarcastically implies that you can get rich if you sell "too soon," which is actually not too soon in most cases. The application to Yahoo is that perhaps Jerry should have taken Microsoft's deal. Who knows, maybe PrincessJools (below) is correct; they could still fool us.

Social Web

June 23, 2008

Posted by dotell

5 stars ( 1 rating )

#2, your assumption is invalid. The loss of senior mgmt was because of Sue Decker and her appointing friends people she can trust that aren't qualified. This essentially made other mangers power diminish so they left.

Y! is starting to remind me of Sears they have no idea what they are and are trying to do everything

Yahoo! = Sears - both which fail

Comments

wookie: Great comparison with Sears. They like Yahoo! really have no idea what they are and what they do that others don't do. Well said friend!

June 24, 2008

Posted by PrincessJools

5 stars ( 1 rating )

News Update! MSFT & YHOO are back on the table. This deal really shows of Steve Ballmer's negotiating skills.

He had us all fooled!

Comments

wookie: We'll see Jools!@

June 25, 2008

Posted by wookie

4 stars ( 1 rating )

Steve, you are assuming that Yang is in it for the Money. For Yang I think its more personal and his emotional dislike for MSFT, I honestly don't think Yang has cared about money in the last 10 years. When you have that much you don't have to. If Yang cared about money, about making the quick buck, he would have sold the company.

Comments

stevelup: A CEO's responsibility is to work for the benefit of all of the shareholders of the company. If, as you suggest, this CEO is making strategic corporate decisions based on emotion and based on a personal agenda, it would be a serious breach of his fiduciary duty. I don't think that is the case here; he may have just misjudged Microsoft or perhaps he has relied on bad advice. Perhaps Mr. Ichan is correct?

You have to be a member to do that!

New users:

Learn more

Jerry Yang learned the lesson of "...all my rich friends sold too soon." Now, will Yahoo survive the management exodus?

You have to be a member to do that!

Existing users:

New users: