Reports: Yahoo Shedding Executives, Overhauling Products
Money Morning (June 20th, 2008) Writes:
By Mike Caggeso
Associate Editor
After months of tumultuous shareholder temperament, Yahoo! Inc. (YHOO) is giving its board and product line a makeover to convince traders of its value after turning down Microsoft Corp’s (MSFT) $47.5 billion offer, according to reports.
President Susan Decker is pushing a plan to roll several product groups under one roof (such as mail, search and home-page divisions), The Wall Street Journal reported, citing sources close to the matter.
Four executives - Brad Garlinghouse (who oversees e-mail and instant messaging), Vish Makhijani (general manager of web search), Qi Lu (top engineer for search marketing) and Joshua Schachter (founder of social bookmarking site, delicious) are leaving the company, according to TechCrunch.
Early last week, Jeff Weiner, executive vice president of the network division, left the company to work in venture capital.
Story continues ...
Tags for this Post:
Associate Editor, Current Market News, global economy, Investors Profit, Makeover, Money Moves, Seismic Shift, Shareholder, Stocks to Watch, Temperament, Yahoo, Yahoo Inc, YHOO
Associate Editor, Current Market News, global economy, Investors Profit, Makeover, Money Moves, Seismic Shift, Shareholder, Stocks to Watch, Temperament, Yahoo, Yahoo Inc, YHOO


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