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Now there's a real accomplishment, Thompson is gone. What does this solve? Pretty much nothing. It's unclear to me why anyone thinks a hedge fund manager sitti
by dr_ 14y ago
Now there's a real accomplishment, Thompson is gone.
What does this solve? Pretty much nothing. It's unclear to me why anyone thinks a hedge fund manager sitting in Manhattan is going to be able to solve Yahoo's problems, when pretty much no one else has or has been given enough chance to.
If it were just about him lying, everything else would have remained the same except for him leaving. But it's obviously not, as Loeb gets to appoint board members, who have media connections - but remember how having a media mogul run the company turned out last time? http://money.cnn.com/2007/06/18/news/companies/yahoo_semel/ http://money.cnn.com/2007/06/18/news/companies/yahoo_semel/
And where are the manhattan bankers and hedge fund managers calling for Jamie Dimon's resignation after the disasterous 2 billion loss at JP?
Yahoo! had somewhat of a chance of making it, but now most likely it will be cut up and sold off in pieces. That's kinda sad.
- randomfool 14y agoOn the bright side, the CEO cleaned house then got the axe himself. Decent setup for his successor to gain the goodwill of employees as he doesn't need to go through the painful layoff process. +1 on concerns about the media focus of the company. If Yahoo! was YouTube, I could understand it. But I don't see the reasoning here.