Any next CEO is still a crap shoot that could drive the final nail into Yahoo. All these *ssholes are ready to kick a man when he's down, but I have yet to read ANY good suggestion for turning around Yahoo. Yang just got caught in the perfect storm. How many of you geniuses sold you 401k before the crisis. I've seen stocks drop 80% and bounce back completely before, I didn't remember people lynching the CEO like this.
but I have yet to read ANY good suggestion for turning around Yahoo
there isn't one. google's momentum in taking marketshare hasn't diminished one bit. yahoo has less share in ad dollars then they did two years ago. there really isn't much a new ceo can do to reverse that.
from a shareholder perspective, the msft deal was a no-brainer. especially at today's trading range. yhoo isn't going back to the 34 msft offered them anytime in the next five years. the next ceo will do their best to get something going again
It is obvious in retrospect never at the time. Like shorting financial stocks three months ago (or yahoo) for that matter. If they knew, they would have acted differently.
It seemed reasonably clear at the time to quite a few shareholders.
Anyway, I don't think it's a matter of catching up to Google in search. It's a matter of finding a business model that makes them money. For Yahoo still to be looking for one is kinda like a 53 year old hanging out in a Uni bar all day & getting excited about Oweek.
In retrospect, it would have been better for shareholders to let Carl Icahn takeover and tear Yahoo to shreds and bend over for Microsoft. To make such a choice then, I just don't see a CEO giving it up like that. Thats why the proxy voted the way it did.
He lacked vision, charisma, or basic common-sense strategies to salvage Yahoo, which for all intents and purposes is still a VERY solid company regardless of revenue and share price. Even with the bloodletting, there are still lots of great engineers and good-will there, yet he was unable to capitalize on any of it.
