Yahoo! Inc. (NASDAQ: YHOO) may be close to losing a top exec, Jeff Weiner, who is executive vice president of the internet company's network division. Though his departure may not be a fait accompli, the possibility that Yahoo! is losing key operational staff carries some serious repercussions. With the company's future mired in uncertainty, it's no surprise that something of a brain drain underway at Yahoo!, and in fact a number of high-profile folks have left the company over the past six months.
Theres' little question that Yahoo!'s middle management ranks are bloated and could stand to be thinned out. But losing some of its senior people raises questions about the company's ability to execute a a turnaround after rebuffing acquisition offers from Microsoft Corp. (NASDAQ: MSFT). If the departures were to accelerate, it also could undermine Microsoft's interest in Yahoo!, or at least cause it to reconsider possible deal terms
In the near-term, an exodus of Yahoo! execs would raise doubts about the efficacy of the company's controversial severance plan, which it adopted following Microsoft's $44.6 billion acquisition offer in February and which is intended to stem a possible tide of defections. The plan has been attacked by Carl Icahn during his proxy contest to take control of Yahoo!'s board of directors, while a shareholder group has taken Yahoo! to court over the severance package and for failing to cut a deal with Microsoft.Continue reading at TechConfidential.com.
Reader Comments (Page 1 of 1)
6-12-2008 @ 1:35AM
gary said...
Sometimes a shake up is a good thing. Like your article stated, the top sometimes gets bloated. Perhaps this opens opportunities for other talented people to rise to the occasion. http://www.arizonaautoinsurance.cc