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I mentioned this on another thread, I and I think its worth repeating here: what a disappointing step for Y!'s new CEO to take. I have to think that Yahoo is lo

I mentioned this on another thread, I and I think its worth repeating here: what a disappointing step for Y!'s new CEO to take. I have to think that Yahoo is looking to lever an early settlement because of Facebook's pending IPO - a quick way to make some gains. Regardless, I think it is a wasteful way to do business. Yahoo! is a media company, Facebook is a networking/platform company. They should be looking for ways to work together and build value instead of attacking each other and destroying it. This smells more like an ego-driven decision more than anything else. What an incredible waste of time for Yahoo. Yahoo has so many problems on so many other fronts and the last thing they need to do is draw themselves into another battle.

nakkiel 15y ago
> what a disappointing step for Y!'s new CEO to take Given the timeframe, I don't think the new CEO had the time to pull that off.
- freejack 15y ago
  It happened on his watch - something this big definitely had his stamp on it.
  - nakkiel 15y ago
    It sure had his signature because after all he is the executive but it doesn't mean he had any power to pull it off nor to shut it down. I think that at those levels and in such companies, investors are really pulling the strings. In other words, CEO is the first level of management. Disposable and convenient for all matters. Edit: but ok, perhaps that's just my point of view.
- bryanlarsen 15y ago
  It definitely would have started under the old CEO's watch, but perhaps just as a contingency plan and as a negotiating tactic. That's just smart. Actually pulling the trigger on the plan? Trading reputation for short term dollars? That piece of stupidity is all on the new CEO. They have about $10 billion in the bank and in long term investments, so they don't need the short term cash which would be the only possible justification for this kind of stupidity.

nakkiel 15y ago

> what a disappointing step for Y!'s new CEO to take Given the timeframe, I don't think the new CEO had the time to pull that off.

freejack 15y ago
It happened on his watch - something this big definitely had his stamp on it.
- nakkiel 15y ago
  It sure had his signature because after all he is the executive but it doesn't mean he had any power to pull it off nor to shut it down. I think that at those levels and in such companies, investors are really pulling the strings. In other words, CEO is the first level of management. Disposable and convenient for all matters. Edit: but ok, perhaps that's just my point of view.
bryanlarsen 15y ago
It definitely would have started under the old CEO's watch, but perhaps just as a contingency plan and as a negotiating tactic. That's just smart. Actually pulling the trigger on the plan? Trading reputation for short term dollars? That piece of stupidity is all on the new CEO. They have about $10 billion in the bank and in long term investments, so they don't need the short term cash which would be the only possible justification for this kind of stupidity.