Tag Archives: CEO

Yahoo and Alibaba Complete Transaction

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As this blog recommended last year, Yahoo has raised billions by selling part of its state in Alibaba.com back to the firm for $7.6 billion. The sale of 20% of Alibaba, half of Yahoo’s 40% stake comes as part of an agreement where Alibaba can buy back another 10% when it completes an IPO. No word on what Yahoo plans to do with the funds, but we have suggestions Ms. Meyers! – WSJ

Marissa Meyer is Reviewing EVERY New Hire

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We have a winner in the category of “Micro-management by a CEO of a Fortune 500 firm”, the winner is… New Yahoo CEO Marissa Meyer! Ms. Meyer is reviewing every new hire Yahoo managers want to make. The process obviously eats up a lot of the CEO’s time not to mention bringing the hiring process to a crawl. A recruiter has said a number of potential hire have taken other offer because of this new requirement. Being hand on is one thing but really is this a good use of the CEO’s time? BusinessInsider

Yahoo Names New CEO

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A new week, a new CEO for Yahoo? Yes we jest, but only partially as Yahoo has had its troubles keeping CEOs. This time they selected Marissa Mayer a VP at Google currently leading its Maps and Location group. She was the first female programmer at Google and also has product management experience. To help Ms. Mayer we are re-posting our strategy paper on how to restore growth at Yahoo, please pass it along to her Yahoo Growth

Thompson Out as Yahoo CEO, Bostock Out as Chairman

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Beleaguered Yahoo CEO has left the firm effective immediately, being replaced by Ross Levinsohn. The changes at Yahoo continue as Chairman Ray Bostock of Delta Airline is also out, being replaced by Fred Amoroso. Other board appointments are Daniel S. Loeb, Harry J. Wilson, and Michael J. Wolf all of Three Third Point fund. In addition to Bostock, Patti Hart, VJ Joshi, Arthur Kern and Gary Wilson and Thompson are all leaving the board immediately – AllThingsD

Daniel Loeb Calls for Yahoo CEO Removal

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Dissident Yahoo Shareholder Daniel Loeb has called for the removal of CEO Scott Thompson. In a letter to Yahoo’s board, Loeb states

“It appears very clear to us — and to many corporate governance experts, Yahoo employees, and fellow Yahoo shareholders — that Mr. Thompson’s fantasy degree was in no way an ‘inadvertent error.’  The evidence shows he had been using false credentials for years.”

No word from Yahoo yet – Slashgear