Not so sure about this. My understanding is that Steve Jobs would walk around the company and personally fire anyone he believed wasn't doing a valuable job. (E

Not so sure about this. My understanding is that Steve Jobs would walk around the company and personally fire anyone he believed wasn't doing a valuable job. (EDIT: He didn't hire McKinsey to do this.) He wanted true believers who were adding value ONLY. Not sure that has happened at Yahoo!. Second, Steve Jobs focused the company around one or two important initiatives at a time. That was probably his greatest value add. He had a phenomenal sense for which projects were the right initiatives. The original Bondi Blue iMac came out pretty quickly after his return -- not quite a year after Steve had been named interim CEO. That's FAST. Yahoo! needs to be streamlined (remove poisonous/slack elements), focused (one or two key projects ONLY, kill the others) and fast (release the key projects in 2016). They also need to pick the RIGHT projects. To do this, like another commenter said, they need to remember why they love the Internet. Otherwise they're dead.