Yang Says
Is Yahoo on the Verge of Naming Yang’s Replacement?
The Wall Street Journal today is reporting that a new Yahoo! CEO could be named as early as next week. Lately, the buzz has surrounded Autodesk executive chairman Carol Bartz.
Bartz previously was CEO of Autodesk from 1992 to 2006. She has also been an executive at Sun Microsystems.
She serves on the board of Cisco with current Yahoo! CEO Jerry Yang and on the Intel board with current Yahoo! President Susan Decker.
Last November, Jerry Yang announced that he would be stepping down from his role as CEO. He will remain at the Sunnyvale search engine as Chief Yahoo!
Related Reading:
Yang Says Microsoft Deal is Best Bet for Yahoo
Yahoo Q3 2008 Earnings: It Ain’t Pretty
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Yang Says Microsoft Deal is Best Bet for Yahoo
Jerry Yang told attendees at the Web 2.0 Summit yesterday that a deal with Microsoft is still the best option for Yahoo.
To which I say: Then why didn’t you accept the $31 per share acquisition offer made earlier this year?
And then I read this: “People who know me know I don’t have an ego about remaining independent versus not remaining independent.”
Wow. I have to admit that asking for $35-37 per share earlier this year seemed a bit egotistical on the “Let’s stay independent front.”
To be fair, with both sides having slung a fair amount of mud, it is difficult to know what really went down. And really, any CEO who isn’t at least somewhat egotistical about his own company isn’t worth his weight in gold.
Matters of ego aside, it seems that a white flag might be flying over the Sunnyvale campus. Now, we’ll wait to see just how low that Yahoo stock goes before the white knight of Microsoft comes by to do the rescuing.
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