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Yahoo Replaces Half Its Board of Directors 48

Posted by Unknown Lamer
from the firing-everyone-fixes-everything dept.
itwbennett writes "Yahoo's restructuring continued Tuesday with the ousting of 4 board members, including chairman Roy Bostock, according to an IDG News Service report. The move follows the resignation of Yahoo co-founder Jerry Yang in January and gives investors something they'd been calling for, says analyst Greg Sterling: 'Investors have felt for a long time that the board was just rubber stamping what the leadership was doing. They want a reinvigorated board with some independence. People will wait to see what's different but I think this will be seen as a positive.'"
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Yahoo Replaces Half Its Board of Directors

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  • by vlm (69642) on Wednesday February 08, 2012 @01:46PM (#38969029)

    Doesn't seem to have had much effect

    http://www.google.com/finance?q=YHOO [google.com]

    I'd give a link to a YHOO page for their financials but no one uses YHOO anymore.

  • I can't believe they are still alive.
    • They should probably consider renaming their company from Yahoo to Yajé [wikipedia.org], seeing as they seem to be on drugs to an outside observer.
      • Or renaming the company to Yahweh [wikipedia.org] and going after the religious audience. This has the added bonus that your "customers" are predisposed to believe in miraculous reincarnation... something Yahoo needs.
  • by mounthood (993037) on Wednesday February 08, 2012 @02:02PM (#38969281)

    I just went to yahoo.com, and what a confusing mess! It's packed with tiny pictures, lists of links, and generally seems like the site doesn't know what it wants to be. Where do I make a blog, or a Yahoo! store, I don't know. The AOL-style 'be all things' isn't going to work when competitors can be better at just one thing.

    Revenue declining year after year isn't going help either.

    • Re: (Score:2, Informative)

      by Anonymous Coward

      Took me a couple minutes but maybe you were looking for the search page rather than the cluttered yahoo homepage?

      http://search.yahoo.com

      • by mounthood (993037)

        So where do I make a blog or a Yahoo! store? Finding an uncluttered launch page doesn't change the basic problem: Yahoo! is a confusing mess, and the individual things you can do are not as good as what competitors offer.

        I'm sure there's a nice, clean, straight forward link for making a Yahoo! store too... visitors just don't know what it is.

        (I just found it here: http://www.google.com/search?q=Yahoo!+store [google.com])

    • You wanted http://search.yahoo.com/ [yahoo.com] :)

    • by antdude (79039)

      I know a few people who really love Y!'s home page. I asked a female cyber/online friend/former co-worker who said, "... I think Yahoo homepage is the most entertaining site out there." Huh? Whatever.

    • This pic shows a concise summary of what Google did right, and what Yahoo did wrong.

      http://img361.imageshack.us/img361/443/yahoovsgoogle1996to2005ys4.png [imageshack.us]

      About it...
      http://www.codinghorror.com/blog/2006/03/in-pursuit-of-simplicity.html [codinghorror.com]

      --
      Focus isn't about saying yes, but about saying no -- Steve Jobs

  • by gestalt_n_pepper (991155) on Wednesday February 08, 2012 @02:05PM (#38969341)

    I guess now they are least half-witted.

  • by Anonymous Coward

    too bad one isn't forthcoming

  • by Rone (46994) on Wednesday February 08, 2012 @02:17PM (#38969575)

    These ousters are more interesting than they first appear...

    Judging by this summary [yahoo.net] (now out of date) of the Yahoo board, 2 of the removed board members (Arthur Kern and Gary Wilson) were financial/investment guys (i.e. not technical people), 1 (Vyomesh Joshi) was a former "printer guy" from HP (whose technology credentials are highly suspect given his probable ties to Carly Fiorina), and 1 (Roy Bostock) was the current CEO.

    Almost all of the people left on the board appear to have some decent technology credentials. If you wanted to "cut the fat" from the Yahoo board, you could do a lot worse than removing these four people.

  • Translation (Score:5, Insightful)

    by IGnatius T Foobar (4328) on Wednesday February 08, 2012 @02:30PM (#38969835) Homepage Journal

    They want a reinvigorated board with some independence

    Translation: they want a board that will do what Microsoft wants.

    • by Anonymous Coward

      I thought the previous regime made a huge mistake by signing the long-term relationship with Microsoft to use Bing. That was like the Nokia-Microsoft deal - you can't hand off your core competency and expect to have a bright long term future.

      • by Grishnakh (216268)

        That was like the Nokia-Microsoft deal - you can't hand off your core competency and expect to have a bright long term future.

        Most American corporations today believe that exact thing.

  • all the "top floor folks" need to be tossed on the slide, and they can "Ya-HOOOO" all the way into the dumpster. bunch of hopeless leeches to be burned off, and then corporate doctors can see if there are any veins left to bring this critical case back to life.

  • by SethJohnson (112166) on Wednesday February 08, 2012 @02:48PM (#38970165) Homepage Journal
    One of the biggest innovations the new board members could bring with them would be a time machine that would enable them to travel back to 1999 and prevent Yahoo! from squandering $5.7 billion in capital on its acquisition of Broadcast.com from Mark Cuban. [wikipedia.org]

    These time travelling board of directors could then safeguard this capital from other potential blunders by locking it up in Apple Computer stock, which according to this inspired 1999 Motley Fool article [fool.com] admits Apple is "a very meaningful distance away from being a top tier Cisco, Intel, Microsoft or Yahoo!. That said, Apple is directionally on target and looking quite strong among the pack of PC makers." It would have been a much cheaper buy than Broadcast.com and left Yahoo! with pockets full of cash in 2012.

    Yahoo!'s biggest problem over the years has been their leaders who have been suckers for hucksters who can deliver a good dog-and-pony-show and their organization itself has been unable to successfully deploy any new business concepts.

    Seth
  • In lieu of a car analogy... does anyone else NOT see this as the corporate equivalent of rearranging deck chairs on the Titanic?

    I can't remember the last time I considered Yahoo! relevant. Sure, I have an email account with them and I use YIM, but they're not really differentiated in any way. I could lose both and still continue on with GMail and GTalk, for example. (Ok, so YIM has a bigger "smiley" set. Ooh. Big whup.)

    • by tibman (623933)

      Yahoo still has Flickr.

      • by Mr Z (6791)
        And some people survived the Titanic in life boats. If Flickr is the only thing relevant about Yahoo!, then spin it off and let Yahoo! die.
        • by tibman (623933)

          I don't really know about these things but shouldn't it be the other way around. Why would you take one of the most successful part of your business and remove it from your company?

          • by Mr Z (6791)
            So it has a chance to survive in spite of its parent's failure.
  • by spasm (79260) on Wednesday February 08, 2012 @04:53PM (#38971977) Homepage

    Reminds me of a front page headline from a small town in Western Australia in the 1920s: "Half the town council are idiots!" When threatened with a libel lawsuit, the editor agreed to an equally prominent retraction, and sure enough published an equally prominent front page headline the next day: "Half the town council are not idiots!" Genius..

  • ... from HP's management primer.

    I hear Kim Kardashian is available.

  • Yahoo! is still around? I thought that died off already...

"The vast majority of successful major crimes against property are perpetrated by individuals abusing positions of trust." -- Lawrence Dalzell

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