Uh-oh just when you though it was safe to go back into the "search water", Yahoo Finance is reporting a SeekingAlpha article that includes the following statement:
Long after Panama has been rolled out, the company needs a strategic shift in
direction and some important structural changes in its leadership and
governance to put it on the right path to compete with Google...
Listing current Chairman and CEO of Yahoo, Terry Semel, as being a major contributing factor towards Yahoo's lack of progress in recent years. The article goes on to state that Mr. Semel had the opportunity to purchase Google for $3 billion dollars in 2002 (not sure if I'm entirely sold on that). Other reasons calling for a new CEO include failing to purchase YouTube and failing to purchase MySpace. Hmm sounds as if Yahoo needs to buy their way to the top instead of innovating their own solutions and strategies to compete in the industry of search.
The article goes on to state that "...Of the 10 directors, we believe 7 should resign or Yahoo! shareholders should withhold votes for them at Yahoo!’s 2007 annual meeting of shareholders."
It's an intersting read to an interesting story. Regardless big things are in the works for Yahoo in 2007.
Labels: Terry Semel, yahoo