Earlier quoted context omitted.
I agree and disagree with your point. It's incredibly hard to determine how much good a new CEO has done, and how much is inertia. I think that's a strong argument against the incredibly high CEO pay in contemporary companies, it dramatically underestimates the importance of the work of the rank and file. That being said, if you ARE going to judge her by contemporary CEO standards, the question is, would anyone else…
If no one could have gotten better results, I can think of many capable people who could have gotten similar results for a lot cheap. Yahoo! is almost paying MM $400 million and the $110 million exec who stayed about 11 months she fired. For all the Meritocracy talk about general foot soldiers, the SV execs seem to get a lot of "Participation Trophies".
Yahoo planning 10% layoffs as early as this month, report says
71–80 of 140 posts
Re: Yahoo planning 10% layoffs as early as this month, report says
#72Earlier quoted context omitted.
> That being said, if you ARE going to judge her by contemporary CEO standards, the question is, would anyone else have done better? The first mistake the Yahoo board made was to decide that product innovation would save them. In reality, they should've brought in an ex-consultant or ex-banker who could chop off pieces of the business and sell them to the highest bidder (essentially, what's going to happen now). The…
The biggest mistake was to shutdown their own search engine, and pay for Bing search results. And their Ads-deal with MSFT wasn't that long-term successful. Yahoo had the biggest Hadoop cluster back in 2009, the were at the forefront of big data and contributed to many open source projects. Then everything went downhill. Now Yahoo has what? Flickr, Tumblr, Mail, ...? Right, they own a stack of Alibaba (China), and no…
Yahoo finance is still pretty much best in class for free finance services. They should have run with it - maybe it's not too late and they still can.
Re: Yahoo planning 10% layoffs as early as this month, report says
#73Been a yahoo mail premium member for so many years (along with its calendar) it's something I care daily. From about 2 years ago the new mail became a hit or miss randomly, overall a much worse experience than what I used to have, and I am unhappy about that. To me since Mayer came to power, yahoo email became less reliable, a big negative.
I have accounts on the 3 main providers Hotmail, Gmail, Yahoo Mail. Which gives me the most trouble? Yahoo Mail. When Mayer became CEO she told employees to start using Yahoo Mail. I wonder how many are actually doing so. I would think if they were actually using it the product would now have less glitches.
Re: Yahoo planning 10% layoffs as early as this month, report says
#74Earlier quoted context omitted.
There are many counter examples to your anecdote. Larry Ellison comes to mind, but there are others (in fact, most of our most successful people come from very broken backgrounds). It's what you do with that drive/anger/passion/frustration/motivation/defiance that counts. It takes a lot of risk, and guts to strike out and create jobs - and more often than not it doesn't work out... but that's all part of the game. It…
Correlation: Look up Sam's comments about his parents. Think of pg's background. Of the successful people from broken backgrounds, they were usually successful by moving on to affluent universities where they recovered. It's one thing to be really good at what you do... to even be the best. It's another thing entirely to convince other really good and sometimes the best people to work for you, your company, and your…
Re: Yahoo planning 10% layoffs as early as this month, report says
#75Don't worry people; I am sure the CEO will be okay.
Mayer will be walking away with a $158M golden parachute[0], and will undoubtedly have another nice executive position lined up in no time. It's amazing how much respect she's garnered in the tech community. From all the public info on her, she doesn't seem to have much product vision - rather, she's just a manager who's good at making data-driven decisions (the infamous "41 shades of blue"[1]) to incrementally optim…
0: Personal sources
Re: Yahoo planning 10% layoffs as early as this month, report says
#76Earlier quoted context omitted.
The biggest mistake was to shutdown their own search engine, and pay for Bing search results. And their Ads-deal with MSFT wasn't that long-term successful. Yahoo had the biggest Hadoop cluster back in 2009, the were at the forefront of big data and contributed to many open source projects. Then everything went downhill. Now Yahoo has what? Flickr, Tumblr, Mail, ...? Right, they own a stack of Alibaba (China), and no…
>> "Now Yahoo has what?" Yahoo finance is still pretty much best in class for free finance services. They should have run with it - maybe it's not too late and they still can.
Re: Yahoo planning 10% layoffs as early as this month, report says
#77Earlier quoted context omitted.
Correlation: Look up Sam's comments about his parents. Think of pg's background. Of the successful people from broken backgrounds, they were usually successful by moving on to affluent universities where they recovered. It's one thing to be really good at what you do... to even be the best. It's another thing entirely to convince other really good and sometimes the best people to work for you, your company, and your…
Your ability to communicate is actually quite exceptional. Whatever has led you to lose faith in yourself, I assure you it should not be because you fear you lack intrinsic merit.
Please have a wonderful year.
Re: Yahoo planning 10% layoffs as early as this month, report says
#78Earlier quoted context omitted.
The biggest mistake was to shutdown their own search engine, and pay for Bing search results. And their Ads-deal with MSFT wasn't that long-term successful. Yahoo had the biggest Hadoop cluster back in 2009, the were at the forefront of big data and contributed to many open source projects. Then everything went downhill. Now Yahoo has what? Flickr, Tumblr, Mail, ...? Right, they own a stack of Alibaba (China), and no…
>> "Now Yahoo has what?" Yahoo finance is still pretty much best in class for free finance services. They should have run with it - maybe it's not too late and they still can.
You've got a bunch of, not quite AOL-level users, but they're 45-65 and set in their ways. That means the XP and IE6. OK, not quite that bad, but close.
What they should have done was upgrade the tech - sure, use real frameworks. But the full-on AJAX UI "upgrade" was never perceived as an upgrade. Let's look into why:
Problem #1: The highest-ranking feature request since the day it went live has been "to make ignore mean ignore."
Old behavior: I ignore userXXX, I never see anything. Current behavior: I ignore userXXX, I see exactly the same screen space for a post from userXXX, but it's greyed out. I still have to scroll by it. If I have two trolls arguing with each other or flooding the board with spam, all the content is pushed out of visibility at a rate of 20 posts per page click. The vertical page consists of 80% navigation elements and "Post hidden because you ignored this user."
#2 feature request has been to deal with the spam problem. Now that I can no longer effectively ignore users, I have userXXX1234 spamming for PennyStocksWeekly and in the unlikely event that the spammer's account is terminated, I then have userXXX1235 signing up and spamming about "Penny Stock 101 org" or "Ultimate Stock Alerts."
So Yahoo's filtered out URLs but it has yet to implement even the most trivial Bayesian filtering against these spammers. The exact same text strings are used - but because there's only a URL filter and no Bayesian filtering for obvious spam indicators, there is effectively no spam filtering on the message boards. https://yahoo.uservoice.com/forums/207809-finance-gs/categor... demonstrates the presence of long-term spammers on every board.
And these spammers - see Problem #1 - cannot be ignored; users can ignore the words they use, but must still scroll past the large AJAX/mobile-friendly UI around the string "Post hidden because you ignored this user,"
Old Ignore Infrastructure Fail: There (prior to the big redesign) used to be a silent 1000-user limit (500? I forget what the number was) to the length of the ignore list. When the cap was hit, the user's account was effectively useless, unless the user wanted to manually (!) un-ignore a hundred spammer accounts in order to free up space on this list.
Current Infrastructure Fail: Ignore or message rating or abuse-reporting just doesn't work. First off, the results for https://yahoo.uservoice.com/forums/207809-finance-gs/categor... continue to demonstrate the abuse reporting (and upvote/downvote) mechanism does not work consistently. This has been the case for years.
This data has been available to Yahoo since the big transition: https://yahoo.uservoice.com/forums/207809-finance-gs/filters...
It has been ignored for four years.
It continues to be ignored.
A once-dedicated core of high-value eyeballs has been driven away from the site. Most of them wound up at InvestorHub - http://investorshub.advfn.com/ has a site design straight out of the 90s. To these eyeballs, that was a feature, not a bug. Limits on account creation and posting quantity mostly solved the spam problem. They didn't want to leave; most left only because they realized their feedback to Yahoo was being ignored.
tl;dr: Classic Agilista Fail mechanism. (edit: I apologize to people who are actually being agile, rather than Doing Agile(TM))) The finance message board teams got one or two sprints to make a new UI. They succeeded. The feedback was sufficiently negative and the unresolved issues large (i.e., making the ignore functionality work without breaking some underlying design assumption. Implementing a working spam filter, not just a simple URL filter. Moderators to deal with abuse reports) that they couldn't be done in one sprint.
So none of them got done. And the users left.
Re: Yahoo planning 10% layoffs as early as this month, report says
#79Earlier quoted context omitted.
> It's only the people who did the work and made the stuff who will be laid off. Well... what do you expect? You're either the job creator or the job filler. If you could create jobs and had the right motivation and ability to do so, you wouldn't be filling a job. > Their fault for not cultivating the right connections. And yes, knowing the right people is part of that game. And yes, sometimes the job creators must d…
> You're either the job creator or the job filler. That's a very simplistic view. Doing the work and making the stuff also create jobs. How many right here have jobs because developers - not execs, not investors - created the technology we use? Yes, even at Yahoo. Like Hadoop. The idea that the people who contribute money create jobs and the people who contribute labor (in our case via code) don't is utterly, obvious…
What impact did it have? Zero. Because some technocrat apparatchik decided it wasn't worth it developing and promoting the thing further.
One can have insane ability to create things, but it will be ultimately futile, if the things created can't sustainably reach consumers.