Yahoo CEO Speaks Up about Shake Up 88
cvos writes "Yahoo has been under fire recently. The common wisdom is that they are losing marketshare to Google, and now MSN. Many executives have departed in the last few weeks, and Yahoo has received a lot of unfavorable press. Their CEO let out a (unintentional) personal and heated response to media critics." From the article: "At the next all-hands. Just as a reminder. I'm sorry I didn't do it today. I'm gonna put up there all of the press reports on how Yahoo! was going out of business 5 years ago. And of how we were gonna be swallowed up by AOL, owned by Time-Warner, and by Microsoft, and by everybody else. And Yahoo! looked like it had a dim future. Well those headlines, of course, were used to wrap a lot of fish in a lot of people's houses, as the expression goes. And they were all full of [expletive deleted], and they had no idea what we had planned for them. And they do not now as well!"
His last ditch effort (Score:3, Insightful)
CEOs always beat their chests and yell the loudest when they're on their way out. Yahoo's newest "strategy" is junk, and they need some fresh leadership at the top, rather than just getting rid of all his subordinates who have worked their tails off to follow an ill-thought prior strategy.
Give the guy a break (Score:2, Insightful)
And so the executive proves the rumors (Score:4, Insightful)
That memo exemplifies everything I see wrong at Yahoo form my external vantage point. It's substanceless internal boosterism. "We're great! We're really great! I can't say exactly why we're great, but this is a fantastic company and all the rumors of our imminent death are premature because we're great!"
So, what exactly does Yahoo do, precisely, that's so great? Anything? I certainly haven't seen anything mentioned that they do at all well aside from possibly their financial stuff.
Re:TV (Score:3, Insightful)
In order to catch up to Gmail, they had a new interface available in Beta for a while, but IMO it's worse than the original.
And there My Yahoo page is something I configured once and never used again because it was faster searching for the info I want. Maybe they're still stuck with the internet portal idea from the 90s, which itself probably got inspired by AOL or some such.
Duh (Score:3, Insightful)
What Have You Yahoo'ed For Me Lately? (Score:3, Insightful)
Re:And so the executive proves the rumors (Score:2, Insightful)
2. I don't know why people think that in order to be a successful profitable company, it has to be the best at something. There are lots of companies that are not the BEST but are still making money. In the end, that's what matters right? There is lots of money to be made even if you are #2 or #3. Perfect example is Wii. I am sure Nintendo will make more money off their Wii than either Sony or Microsoft.
Yahoo search is great, though (Score:3, Insightful)