Looks like Yahoo has found its new CFO. This afternoon, the company said Tim Morse will take charge of its finances. Morse, who has served as CFO for chip maker Altera since 2007 and spent 15 years at GE before that, will start work on June 17 and assume CFO responsibilities on July 1.
Welcome news, since Yahoo has been looking to fill the position since Blake Jorgensen said he would step down from the company last February.
2009 has proven a lucrative year for departing Yahoo CFO Blake Jorgensen. Sure, he’s leaving Yahoo, but he’s doing so with a $1.8 million lump-sum severance payment, according to a company SEC filing. This in addition to the $250,000 bonus he was awarded earlier this year.
Microsoft is still interested in a search deal with Yahoo, but for now it’s assuming one’s not in the cards. That’s the word from Microsoft CFO Chris Liddell, who, in remarks at a Goldman Sachs conference in San Francisco Thursday, said Yahoo is not a “silver bullet” solution for the problems with its search business.
Our outlook contemplates a workforce realignment of approximately 1,000 people that we will be implementing in mid-February.”
–Yahoo CFO Blake Jorgensen
The streets outside Yahoo’s Sunnyvale, Calif., headquarters will soon be running purple with the blood of the “realigned.” The company will begin handing out pink slips today to the roughly 1,000 employees worldwide whose jobs [...]
According to last year’s looking-ahead-to-the-year- to-come lists, 2007 was to be “a year of hyperdisruption for the technology industry.” It was to be “a year of carnage.” But it was also to be “a year of great happiness and multiple blessings.” Above all, 2007 was to be “a busy year for technology.” Which, as you’ll see below, is pretty much how it turned out. What follows is Digital Daily’s abridged guide to the year in tech news–a fond reminiscence of what was, and our First Annual Year-End List For Year-End List Haters.
“Our financial performance is not what we would like to see long-term.” This, from Blake Jorgensen, Yahoo’s chief financial officer who, just six weeks into the job, is already well versed in the company’s fiscal truisms. During Yahoo’s second-quarter earnings call yesterday–his first since being named CFO–Jorgensen trotted out all the company’s hoary earnings-call chestnuts: [...]
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
While the technology behind the Telephone is new, the design is reassuringly old-fashioned, reminiscent of a phrenologist’s horn or ear-candle in form. We found the experience far more comfortable than the one we had with the Telegraph.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size.
11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
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