Yahoo - Bored of the Board

Wednesday, September 7. 2011

Yahoo - Bored of the Board

GigaOm notes that firing Carol Bartz is not nearly the whole problem, its goes deeper than that:

There is one place Yahoo can easily finish first: the company with the worst and most ineffectual board with the spine of a centipede. I have not been a fan of Yahoo’s board for a long time and nothing really has changed my mind. Even before the firing of Carol Bartz, Yahoo’s board has been taking actions befitting a coalition government. Yahoo’s stock performance only proves that fact. From a high of $33 a share in October 2007, Yahoo is now down to $13.50 a share.

I agree...I think Bartz has been made the scapegoat (sure, it comes wuth CEO territory) but getting a new CEO is not going to fix the problems of a company stuck in the peanut butter. There 's lots of talk about M&A, new businesses, back to basics etc etc - but only a mass transfusion of new blood at the head will work now.

In my opinion, of course....

Update - seems to be Carol Bartz's view as well

Ousted Yahoo CEO Carol Bartz has given an exit interview with Fortune magazine’s Patti Sellars, in which she says about Yahoo’s board of directors: “These people f*#&ed me over.” She also called them “doofuses.”

This has been an entertaining week....

Posted by Alan Patrick in Business Models at 23:55 | Comments (0) | Trackbacks (0)

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