The new fitness program to which Yahoo CEO Jerry Yang referred in his last all-hands memo to employees is expected to begin Tuesday. Yahoo is to report quarterly earnings tomorrow and it will announce layoffs along with them. Clearly, those Bain & Company “personal trainers” Yahoo recently hired to help it trim down and shape up are already working their magic.
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I bleed purple, I bleed Yahoo.”
–Yahoo CEO Jerry Yang
Talk about prescient comments. Last Wednesday Yahoo CEO Jerry Yang told the D6 audience, “I’ll probably never be a CEO again” and here we are not a week later and Carl Icahn is telling him that he’s probably right.
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How will Rupert Murdoch, head of the world’s largest media empire and soon-to-be-owner of Dow Jones improve The Wall Street Journal?
Make it better in what it does now. Financial news.
Add more national and international news.
Kill the New York Times? “Yes, that would be nice.”
Expand the culture section.
How will he improve MySpace?
Renew co-founder Chris [...]
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In the lexicon of Google nondenial denials, “we’re not doing a mobile phone” is right up there with the great ones: “We don’t think it’s a competitor to Microsoft Office”; “We do not intend to offer a person-to-person, stored-value payments system“; and, of course, “We have no plans for an IPO.”
According to people familiar with [...]
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Who says Google is hoarding Silicon Valley’s tech talent? Gideon Yu, a Valley train-hopper with stints at Yahoo and YouTube (in the same year) is leaving the search company to become CFO of Facebook. “I consider it kind of a coup that we were able to recruit him here,” Facebook CEO Mark Zuckerberg told The [...]
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Google’s mission–to organize the world’s information-technology workers and make them financially successful–is growing more difficult these days as key employees exercise their options, stuff their pockets to bursting with the proceeds and move on. And who could blame them when options granted in 2003 with an average strike price of 49 cents are trading well [...]
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