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Yahoo Announces Resignation of Jerry Yang

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Re: Yahoo Announces Resignation of Jerry Yang

#21

Post by fleitz »

rdl wrote: post #9
kingofspain wrote: post #6

Yahoo is usually talked about as if it's a joke or a failure. According to a cursory check (ahoy - I'm no finance king so I could be reading this wrong) it's worth $19 billion . If I could fail half as well, I'd be pretty happy. Honest question: Am I missing something really obvious? Is Yahoo really falling apart (slowly I guess as the same has been said for the past decade)? Or is it a case of not fulfilling potenti…

Yahoo, like a lot of shitty corporations in death spiral, is worth less than the sum of its parts. It's not as if the stock price times shares = market cap is really a great figure, at least over short periods of time, but in the long term, reality tends to converge. Sun was sitting on a cash hoard of billions when Oracle bought it -- plus MySQL, plus some actually valuable technology, plus a lot of great engineers,…

Death spiral? Please don't get your financial information from techcrunch. I'd suggest checking public market data which suggests that in the last few years has massively increased its profitability

Net income for YHOO 2010 1,231.66 m 2009 597.99 m 2008 418.92 m 2007 639.15 m

Re: Yahoo Announces Resignation of Jerry Yang

#22

Post by xxpor »

bluedevil2k wrote: post #19
gcb wrote: post #16

Earlier quoted context omitted.

when he said "No" to Microsoft's offer for acquisition, a very foolish move looking back. name companies acquired by Microsoft when microsoft already had competing products, which ended up well for both parties. honest question. I have to believe there are a couple. and i'd like to know about.

His job was to do what was best for shareholders, not his employees and definitely not himself. Tough to argue that turning down $33 for the current $15.50 was best for shareholders.

>His job was to do what was best for shareholders

Says who?

Re: Yahoo Announces Resignation of Jerry Yang

#23

Post by fleitz »

teyc wrote: post #13

Yahoo is lost as a brand. My children don't know what Yahoo is. It is one of the million insipid content destinations on the web.

Your children also probably don't know what Petrochina is but like Yahoo that doesn't make them an unprofitable company. The nice thing about no one knowing who you are is that 22 year old college geeks don't get the idea to 'disrupt' your industry and instead focus on 'disrupting' a more well known brand like Facebook.

I'd suggest educating your children as to how to make money instead of brand recognition.

Re: Yahoo Announces Resignation of Jerry Yang

#24

Post by teyc »

fleitz wrote: post #23
teyc wrote: post #13

Yahoo is lost as a brand. My children don't know what Yahoo is. It is one of the million insipid content destinations on the web.

Your children also probably don't know what Petrochina is but like Yahoo that doesn't make them an unprofitable company. The nice thing about no one knowing who you are is that 22 year old college geeks don't get the idea to 'disrupt' your industry and instead focus on 'disrupting' a more well known brand like Facebook. I'd suggest educating your children as to how to make money instead of brand recognition.

Does anybody else get what fleitz was trying to say here?

    The nice thing about no one knowing who you 
    are is that 22 year old college geeks don't
    get the idea to 'disrupt' your industry and
    instead focus on 'disrupting' a more well
    known brand like Facebook.

Re: Yahoo Announces Resignation of Jerry Yang

#26

Post by BrandonMTurner »

xxpor wrote: post #22
bluedevil2k wrote: post #19

Earlier quoted context omitted.

His job was to do what was best for shareholders, not his employees and definitely not himself. Tough to argue that turning down $33 for the current $15.50 was best for shareholders.

>His job was to do what was best for shareholders Says who?

The law mostly. Otherwise ownership of companies would be mostly pointless, similar to that of gambling (in that your fate would be mostly random, more so then it currently is).

http://en.wikipedia.org/wiki/Board_of_directors#Duties

Re: Yahoo Announces Resignation of Jerry Yang

#27

Post by bluedevil2k »

xxpor wrote: post #22
bluedevil2k wrote: post #19

Earlier quoted context omitted.

His job was to do what was best for shareholders, not his employees and definitely not himself. Tough to argue that turning down $33 for the current $15.50 was best for shareholders.

>His job was to do what was best for shareholders Says who?

The corporate charter.

Re: Yahoo Announces Resignation of Jerry Yang

#28

Post by shingen »

xxpor wrote: post #22
bluedevil2k wrote: post #19

Earlier quoted context omitted.

His job was to do what was best for shareholders, not his employees and definitely not himself. Tough to argue that turning down $33 for the current $15.50 was best for shareholders.

>His job was to do what was best for shareholders Says who?

Says the fact that he was on the board of directors of the corporation (emphasis on the fact that it's a public corporation consisting of shareholders).

Legally, in his role, his responsibility was to the shareholders first.

Re: Yahoo Announces Resignation of Jerry Yang

#29

Post by shingen »

fleitz wrote: post #23
teyc wrote: post #13

Yahoo is lost as a brand. My children don't know what Yahoo is. It is one of the million insipid content destinations on the web.

Your children also probably don't know what Petrochina is but like Yahoo that doesn't make them an unprofitable company. The nice thing about no one knowing who you are is that 22 year old college geeks don't get the idea to 'disrupt' your industry and instead focus on 'disrupting' a more well known brand like Facebook. I'd suggest educating your children as to how to make money instead of brand recognition.

You can't disrupt Yahoo as a random 22 year old geek starting a company. The revenue streams and traffic base of Yahoo is extremely diverse.

Unless you plan to simultaneously disrupt web email, search, financial portals, sports, news, generalized all purpose portals, and on and on.

Re: Yahoo Announces Resignation of Jerry Yang

#30

Post by jleader »

kingofspain wrote: post #6

Yahoo is usually talked about as if it's a joke or a failure. According to a cursory check (ahoy - I'm no finance king so I could be reading this wrong) it's worth $19 billion . If I could fail half as well, I'd be pretty happy. Honest question: Am I missing something really obvious? Is Yahoo really falling apart (slowly I guess as the same has been said for the past decade)? Or is it a case of not fulfilling potenti…

Yahoo had opportunities to become what Google and/or Facebook are, but didn't. Putting aside the fact that Yahoo's still got more revenue than Facebook, and roughly the same net profit, it's not growing the way Facebook is, and it's only a fraction the size of Google.
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