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That's why the responsibility was on the board to find somebody willing and capable of playing Extra Hard.
by gniv 10y ago
That's why the responsibility was on the board to find somebody willing and capable of playing Extra Hard.
- jaredklewis 10y agoObviously if finding good CEOs who would work for free at failing companies was easy, all boards would do that. Turns out it's not.
- Bartweiss 10y agoI'm trying to imagine Jobs taking a 'free' turnaround role somewhere other than Apple. That was a labor of love, but it's pretty hard to import talent on those grounds - particularly if no one has significant affection for your brand. Part of the power of startups (and Apple) is that they get some economically-irrational commitments from people who care deeply about them, and it's pretty unfair to expect that for other organizations.
- fullshark 10y agoThe money they paid out to Meyer was not a problem for yahoo, even from a opportunity cost perspective. Deciding to only pay someone willing to work for close to nothing would have been really foolish. Not sure what you are proposing other than like bringing back Jerry Yang.
- gniv 10y agoSorry, my comment was too short. I said nothing about money. I simply pointed out that they should have done more due diligence when choosing the CEO. (Based on what I read at the time though, sounds like they didn't even try -- they went for short-term gains based on her name recognition).