It’s been a interesting week at Yahoo.
According to reports many key executive are rushing to the exits at Yahoo.
Qi Lu, an executive vice-president in charge of Yahoo’s search and advertising technology; Brad Garlinghouse, a senior vice-president who oversees communications tools like mail; and Vish Makhijani, a senior vice-president involved in search, are all reported to be leaving.
Mr. Garlinghouse is the best known for his 2006 memo, when he said Yahoo was spreading itself too thin and advocated a major shake up at the company, which became known as “the manifesto”.
Reports this week also say that President of Yahoo, Sue Decker will announce a reorganization at the company, as earily as next week. Accoring the the report, Yahoo is planning a reorganization that would centralize many key product lines, including search, mail and its home page into one integrated team.
On Monday, Jeff Weiner, who runs Yahoo’s network operations, annouced he was going to become the “Executive in Residence: for two Silicon Valley venture capital firms.
Published reports say that Yahoo data chief Usama Fayyad is heading for the door as well.
Caterina Fake and Stewart Butterfield, the co-founders of Flickr, the popular online photo-sharing service that Yahoo acquired in 2005, have also resigned.
I hope they got a big front door on that place or someone is going to get hurt making the dash.
Seriously this is a company which seems to be on a destructive path. The founder of Yahoo are so concentrated on keeping the company independant, i.e. not being bought by Microsoft, that are risking killing the core of the company to avoid it.
This is a very sad situation for all involved.
The exec’s and employees of Yahoo.
Certainly the shareholders of Yahoo, who have seen the stock of the company sink back below $22 after the board turned down $33-$34 from Microsoft.
The directors and officers of Yahoo who appear to be ready to allow Google to become a monopoly in the Pay Per Click industry.
And for domainers.