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Yahoo is shutting down about half of its content verticals

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Re: Yahoo is shutting down about half of its content verticals

#53

Let's just recap what happened to Yahoo since Marissa took over: - wasn't able to turn the company around - wasn't able to monetize tumblr - wasn't able to capitalize on Alibaba shares - wasn't able to deliver return to investors - was able to parachute out of Yahoo with hundred million dollars+ Someone tell me, what CEO out there actually does anything that justifies their insane pay grade because often it looks lik…

It seems to me that most CEOs are simply irrelevant. The company does well if it does, and doesn't if it doesn't. It is rare that any one person is able to turn around the fortunes of their company. The only example that comes to mind right now is Steve Jobs.

Re: Yahoo is shutting down about half of its content verticals

#57

Let's just recap what happened to Yahoo since Marissa took over: - wasn't able to turn the company around - wasn't able to monetize tumblr - wasn't able to capitalize on Alibaba shares - wasn't able to deliver return to investors - was able to parachute out of Yahoo with hundred million dollars+ Someone tell me, what CEO out there actually does anything that justifies their insane pay grade because often it looks lik…

It seems to me that most CEOs are simply irrelevant. The company does well if it does, and doesn't if it doesn't. It is rare that any one person is able to turn around the fortunes of their company. The only example that comes to mind right now is Steve Jobs.

Carl Icahn put it the best as he described his encounter with a CEO when he asked the question, what does a CEO actually do in a corporation?

His answer was that it was a pretty pathetic one based on his observation. The CEO would take him to different floors and explain stuff but nothing that had any substance or material understanding of operating the country.

Carl Icahn's view isn't alone. Nassim Taleb also blasts overpaid professionals and experts as "empty suits", they literally add little to no value to the organization other than how much they don't shut up about how great they are and what ivy league school they graduated from.

I also have to conclude that CEOs are largely useless and could be replaced by a sock puppet operated by a homeless man.

Re: Yahoo is shutting down about half of its content verticals

#58
post #42
post #30

What the fuck is a content vertical?

The development of such language ("content verticals") indicates the transition of a maturing industry from the founders/builders to the executives/gate keepers. They create such language to inflate the value of their executive work which is necessary in corporate politics, as opposed to the value creation process of founders who build new things and call them simply.

Translation: Middle management invents slang like this to seem more important.

Re: Yahoo is shutting down about half of its content verticals

#59
post #58
post #42

Earlier quoted context omitted.

The development of such language ("content verticals") indicates the transition of a maturing industry from the founders/builders to the executives/gate keepers. They create such language to inflate the value of their executive work which is necessary in corporate politics, as opposed to the value creation process of founders who build new things and call them simply.

Translation: Middle management invents slang like this to seem more important.

Upper management too. Have you ever been to a board meeting of a public company?

Re: Yahoo is shutting down about half of its content verticals

#60
post #13

This might be the first good move Yahoo has made since Mayer took over. I can't think of a better example of a company that needs to shed worthless baggage and focus on high value propositions. And I am gobsmacked Yahoo has not at least made an attempt at a real social network. They have hundreds of millions of users, at the point they are in giving all their users an automatic account on Yahoo Social might be a dick…

They tried with Yahoo 360 [1]. It flopped tremendously.

[1] https://en.wikipedia.org/wiki/Yahoo!_360%C2%B0

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