Yahoo, one of the most beleaguered hangers-on from the .com era, is still looking into which person they are are going to put in the permanent CEO slot.
[quote]According to sources close to the situation, the search for a new CEO for troubled Internet giant Yahoo is closing in on several key candidates in the mix. But, said sources inside and outside the company, it appears to be coming down to a contest between interim CEO Ross Levinsohn and Hulu CEO Jason Kilar. “It’s pretty much a choice between picking a media exec or a product exec,” said one person close to the situation, referring to Kilar and Levinsohn respectively. “It’s about defining what Yahoo is going to be.”[/quote]
Yahoo management, in a RIM-like way, took a brand that had considerable cachet at one point, and ran it right into the ground. They fell off the search game long ago, they bought up a bunch of cool products, and then they just let them die on the vine. Yahoo really makes a lot of tech-fans feel very depressed. It seems like they just can’t pick management to right the ship.
As you can see, their stock price has been in the shitter, and it’s not getting any better. I’ll be incredibly surprised if we see a reversal of this trend any time soon. Unless there is an awesome secret project in the works, my bet is that Yahoo will continue to slowly decline until the company folds, and the brands they own are sold off.
Source: AllThingsD, Bing Finance
Comments are closed.