Big shakeup at Yahoo, Decker being groomed for CEO?
Yahoo announced a big shakeup, promoting Chief Financial Officer Susan Decker as a likely successor to the current chief executive, and recasting itself into three coherent business units. The move comes amid criticism Yahoo has failed to compete, and after long slow slide in its stock price.
Decker will take over the unit focused on advertising, which is Yahoo’s main source of income. Chief Technology Officer Farzad Nazem pictured below, will head the company’s technology unit…. Continue Reading
Memo to Yahoo’s Board: Fire Semel
Recent troubles have engulfed Yahoo! with their sharp earnings miss relative to Google, delays on the Panama advertising platform roll-out, slowing growth rates, and low-level VP Brad Garlinghouse’s now infamous “Peanut Butter Manifesto” leaked to Kevin Delaney and Page One of the Wall Street Journal and highly critical of Yahoo!’s management. TechCrunch now says that Michael Marquez is leaving , Variety says David Katz has left, and Xie Wen left their China group last week…. Continue Reading