Valleywag
gordon crawford
Posts Tagged “
Yahoo
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gordon crawford
quotable
Yahoo shareholder trades stake for bag full of literary allusions
Eric Jackson, the sassy activist investor who made so much trouble for Yahoo this year, has given up the ghost, crapped out, sailed into the sunset — pick your truism, Jackson has probably used it! He gave hunky videoblogger John Paczkowski a block-that-metaphor-worthy explanation for why he sold his hedge fund's Yahoo stake at $20: More »
stocks
Yahoo's drama leaving investors cold
Reporters love Yahoo. Love, love, love it. Who could resist a big tech startup with a goofy name, a lovably inept founder, a scheming No. 2, a heartless CFO, and more turnover than a New York donut shop? But alas, everything about Yahoo that gets journalists excited just turns investors off. Chris Boova, an investment officer at J. & W. Seligman, explained it to Fortune: More »
meltdowns
Yahoo skids to $13, revises layoff plan
The last time YHOO traded below $13 was after 9/11 and before the U.S. invaded Iraq. (I live in San Francisco, where even Republicans obsess over these connections.) Henry Blodget, the disgraced stock analyst everyone trusts now, says Yahoo is scrambling to update its layoff plans after watching eBay go first: More »
commenter of the day
CaliforniaCajun
You know that scene in Fight Club where Ed Norton beats the crap out of himself to walk away with off-the-books pay severance and free flight vouchers? Those lazy eBay employees didn't even have to go through that much for their sweetheart deal. Yahoos, on the other hand, would count themselves lucky to get the chance. If living in California hasn't made your heart bleed liberal juice yet, read what CaliforniaCajun, today's featured commenter, says: More »
yahoo
Sue Decker's third coup d'etat
A tipster tells us Yahoo's upcoming layoffs could come in just a week. Among the people with their jobs on the line: CEO Jerry Yang. Sue Decker, Yahoo's scheming president, is hoping to oust him sooner rather than later, especially if pressure from Wall Street after Yahoo's surely dismal third-quarter earnings, set to be announced on the 21st, give her the excuse. Decker, formerly Yahoo's CFO, has been peddling her seat on the board of Berkshire Hathaway to convince fund managers that she has Warren Buffett's backing. If she pulls it off, it will be the third time Decker has knifed a colleague on her way to the top. More »
rumormonger
Yahoo CFO pushing to gut severance packages
The latest rumor on Yahoo's upcoming cuts: As many as 1,750 jobs lost. But far worse than the number are Yahoo CFO Blake Jorgensen's plans for the departed. A tipster says Jorgensen is pushing for zero severance pay beyond what's legally required in a mass layoff. Compare that to eBay, which sprang for five months in its latest round of cuts. "Corporate politics — such a dirty game and the average Joe gets the shaft," our tipster writes. "Financially, I don't understand this because the market is going to shit and the Street would be forgiving if Yahoo decided to give the rank and file up to six months or so. Not to mention the people at Yahoo right now stuck with management through all the turmoil, although maybe that makes them too stupid to deserve severance in excess of unemployment checks. However once the political motives come into play it makes much more sense." Political motives? More »
yahoo
Jerry Yang in New York talking AOL deal
The much-talked-about talks between Yahoo and Time Warner to unload AOL? They're definitely on, says a tipster, who also claims Yahoo CEO Jerry Yang and President Sue Decker are in New York trying to cajole Time Warner CEO Jeff Bewkes into a deal before Yahoo announces third-quarter earnings later this month. Any Manhattan stargazers care to keep an eye out for him? Update: Kara Swisher now reports Yang has been in New York recently, but not, as our tipster claims, this week She also has lots and lots and lots of speculation about who will run a merged AOL-Yahoo.
online advertising
MySpace inches toward Madison Avenue credibility
News Corp.'s hire of a Yahoo veteran, Valeh Vakili, reported yesterday, as MySpace's senior vice president of sales strategy and operations could prove to be a coup. Madison Avenue only buys ads on News Corp's social network MySpace inventory for their clients "if they have to," one agency exec told me in August. MySpace ads are seen as spammy and unattractive, and agencies don't want to damage their clients' brands by association. More »
Homeland Insecurity
