The overall impression seems to be that "The Elves Left Middle Earth" several years ago, and Yahoo today is primarily C-players. Different people will have diff

The overall impression seems to be that "The Elves Left Middle Earth" several years ago, and Yahoo today is primarily C-players. Different people will have different opinions, this is simply the result of my gathered impressions. Now, Marissa Mayer is heavily involved with new hiring at Yahoo[1]. While this isn't a silver bullet, it probably raises their hiring process from ~10th percentile to ~30th percentile (numbers not exact.) Combine those two and that means that the average new hire is better than the average old employee. So randomly firing old employees and hiring new ones is actually a +EV bet. This is an incredibly rare situation! But when you consider the sheer insanity of the circumstances Mayer is working against, I actually believe that most of her decisions have been correct. [1]: http://www.businessinsider.com/marissa-mayer-is-reviewing-every-single-new-hire-at-yahoo-2012-9 http://www.businessinsider.com/marissa-mayer-is-reviewing-ev...