Gawker
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yahoo
Carol Bartz Gets New Yahoo Org Chart Half Right
Yahoo's new CEO Carol Bartz hates leaks, and we love Yahoo org charts, so the fact that we've received her announcement of the new Yahoo corporate structure is some kind of harmonic convergence. More »
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By Owen ThomasComment by Rock tha Hizzee: How different is the Customer Advocacy group from the Customer Insights group that Sue Decker championed? I mean, seriously. 4 Responses | Other threads
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cutbacks
Yahoo purple with rage over lunch price hike
Yahoo has spent millions on consulting fees with Bain & Co. to come up with cost-cutting schemes — bold ones like hiking cafeteria prices. A tipster blames President Sue Decker and CFO Blake Jorgensen for upping his lunch bill by three bucks: More »
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By Owen ThomasComment by PeggyRhesus: does Yahoo really pay for Sue Decker to be driven to work in a private car more » | Other threads
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we read twitter so you don't have to
Valleywag on the airwaves at Yahoo all-hands
Why did Yahoo's Gary Gale Twitter about a Wi-Fi network labeled "Valleywag" at Yahoo's quarterly all-hands meeting? If I worked for the New York Times, I'd give you all some blah-blah-blah about how we don't discuss our reporting methods. But I run a gossip rag, so I'll just play coy. We did gather that Yahoo CFO Blake Jorgensen was asked about the company's pending layoffs of 10 percent of the workforce. More »
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By Owen ThomasComment by SkittlesAndStarburst: I thought Yahoo's were getting the Microsoft package? Sue, Blake and jerry felt is was absolutely justified a few short... 1 Responses | Other threads
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rumormonger
Yahoo's stealth layoffs
Is Yahoo laying off 1,500 people? Or 3,500? It all depends on how you define "layoff." A commenter on Silicon Alley Insider has a theory on Yahoo's layoffs, which the company may finally announce in today's earnings call: More »
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By Owen ThomasComment by longtailwagsthevalley: at least with the msft acquisition employee options and rsus would have been worth something. blake, i trust that your performance... 1 Responses | Other threads
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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 »
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By Owen ThomasComment by giddieup: i never understood paying ppl 6 month salary for them to leave. if you are let go, why do i have... 3 Responses | Other threads
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caption contest
On the firing line
Yahoos David Filo, Jerry Yang, Sue Decker and Blake Jorgensen watching All Hands, the Movie last week. Suggest your caption in the comments; the best will become the new headline. Yesterday's winner: WagCurious, for "Don't smell evil." (Photo byYodel Anecdotal)
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By Jackson WestComment by ScalaWag: @Owen Thomas: Yay, the star! Now gold epaulettes, please.[en.wikipedia.org] more » | Other threads
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anti-jackpot
Terry Semel lost $6.2 million working for Yahoo in 2007, but Sue Decker made almost $15 million
Any Yahoo can tell you that working at the troubled Web giant doesn't pay. But for former CEO Terry Semel, it really didn't. Last year, he made negative $6.2 million, Docu-Drama notes. The accounting oddity, uncovered in an SEC filing, has to do with stock awards he forfeited when he left the company last year. Don't weep for Semel: He still owns half a billion dollars in Yahoo stock, and has sold plenty, too. What shareholders may find more upsetting are the left-and-right raises Yahoo's board handed out to top Yahoo execs in 2007, a year whose horrible performance set up Yahoo for Microsoft's hostile bid. Here are the lowlights: More »
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By Owen ThomasComment by sggrf: you must lump Sue decker in with terry more » | Other threads
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live coverage
Yahoo's first-quarter earnings call
What's Yahoo CFO Blake Jorgensen so happy about? Try Yahoo's first quarter earnings on for size. Widely expected to surpass Wall Street expectations, Yahoo did not disappoint, reporting $1.35 billion in first quarter revenues after traffic acquisition costs, a 14 percent percent increase over the first quarter 2007. Still, Microsoft CEO Steve Ballmer said earlier today that positive earnings would not cause him to raise Microsoft's $31 per share offer for Yahoo. Yahoo CEO Jerry Yang, president Sue Decker and Jorgensen respond in our live coverage of Yahoo's analyst conference call, below. More »
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Comment by Widget Economist: Creative accounting isn't synonymous with success. Where is the growth potential of this company? It's simply a wireframe. Imagine the innovative,... more » | Other threads
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earnings
Yahoo will make its numbers by hook or by, well, you know
Yahoo reports first-quarter earnings later today. Everyone agrees CEO Jerry Yang has to report better-than-expected numbers if Yahoo hopes to continue fighting for its independence from Microsoft. So guess what? Yahoo is going to report better-than-expected numbers. "In any Internet business, you can pull the stops out in any one or two quarters," Jeffrey Lindsay, an Internet analyst at Sanford C. Bernstein, told the WSJ. "They'd be very crazy not to." If he's getting pressure from Yang, here are three ways for CFO Blake Jorgensen could cook the books for today's report and keep his sanity: More »
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Comment by DJCarbon43: Well, now that the results are out...it looks to me like either A) their financial gurus have no idea how... more » | Other threads
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geeks gone wild
Why is Yahoo cofounder David Filo getting hit by a ball? Faceball, that's why!
Let Google and Facebook play ultimate frisbee. Yahoos like balls, and they like them in the face. Their game is called Faceball. How it works: Two players sit in chairs ten feet apart and take turns throwing inflated beach balls at each other's faces. One point per facial, and no ducking. This goes on for five rounds. John Allspaw and Dunstan Orchard developed Faceball in April 2007 and ever since, Yahoos — from CEO Jerry Yang on down — have loved it. When it came time to plan the launch of Flickr Video, there was little debate as to what to do. A Faceball tournament was held on April 9, 2008. In the picture above is your winner, cofounder David Filo. Below, a video (on Vimeo, not Flickr, oddly) from Faceball creators Allspaw and Orchard describing their game, as well as more photos (on Flickr) from the tournament. More » -
blake jorgensen
Yahoo CFO announces faux partnership with Google
After Valleywag reported that Yahoo would shut off its shuttle bus service Yahoo CFO Blake Jorgensen allegedly told employees "Don't believe everything you read in Valleywag, but yes, we are cutting off the shuttles." Hiring managers have since told new recruits the buses are here to stay. In an April Fools' stunt, Jorgensen outlined a new plan for getting Yahoos to work. Check out the clip: It's something to do with Google and "locking arms with colleagues to appear larger to oncoming traffic." If only Jorgensen were as creative in coming up plans to win over Wall Street.
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Comment by TheGunslinger: I agree. Wow. If the senior management spent as much time figuring out how to turn the company around, they... more » | Other threads
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april fools
Yahoo CFO announces unsolicited bid for affection from colleagues
Why do corporations and executives participate in April Fools' pranks? To make them seem human, for at least one day. Here's the suddenly likable Yahoo CFO Blake Jorgensen showing how well that can work. Fresh from laying off hundreds of their colleagues, he announces to employees that this morning Yahoo made an unsolicited takeover bid for a gossip website. After the jump, the internal announcement posted on Yahoo's Backyard intranet, leaked like just about every other memo posted there: More »
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Comment by TheGunslinger: @categorically: Don't forget. He was the best man at Sue Decker's wedding, so he's a made man. You can't say... more » | Other threads
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yahoo
Yahoo CFO will not address gathered throngs today
Yahoo CFO Blake Jorgensen will not be speaking at the Thomas Weisel Partners investor conference today in San Francisco. Embarrassing for both, since Jorgensen is a cofounder of the tech investment bank. Go ahead, show up to hear Jorgensen speak anyway. You can't believe everything you read on Valleywag.
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Comment by Rock tha Hizzee: You can't believe anything you read on Valleywag. fixed more » | Other threads
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blake jorgensen
Yahoo CFO: Don't believe everything you read in Valleywag (except for the true bits)
How low has the credibility of Yahoo's management sunk? Here's a tale that recently reached our ears: An employee reportedly asked CFO Blake Jorgensen at a recent meeting about the rumor that Yahoo would soon ax its shuttle buses. "Don't believe everything you read in Valleywag," Jorgensen is said to have replied. "But yes, we are cutting off the shuttles." This from the same crew that didn't anticipate Microsoft's unsolicited bid. More »
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By Owen ThomasComment by Owen Thomas: @sonofapitch: As Jordan said, your account of the incident is welcome. more » | Other threads
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exits
Who's in, who's out at Yahoo after a Microsoft takeover
This morning, Microsoft CEO Steve Ballmer made the usual polite noises about "integrating" Yahoo's management into Microsoft. The reality? Come on. They're all fired, except for the geeks. If Microsoft had any respect for current management, they would have negotiated a friendly deal instead of launching a takeover. Most of the executive suite will be gone, I bet, within six months if the takeover succeeds. Here are the details on who's in and who's out, starting at the top. More »
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By Owen ThomasComment by tech-yahoo: You guys have no idea what you are talking about. In the tech engineering, yahoo only has two solid managers:... 1 Responses | Other threads
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yahoo
Sue Decker loses a lieutenant
We hear that Mark Rubash, left, a Yahoo finance executive hired by Yahoo president Sue Decker in February, is already leaving the company. Rubash, a favorite of Decker, was apparently the loser in a turf war with fellow finance executive Rachel Glaser, pictured here to his right.. We can't help but wonder if Glaser, a commuter from Los Angeles who's widely disliked on the Sunnyvale campus, will last much longer, as Yahoo undergoes a top-to-bottom reorganization. "She has no financial acumen," whispers one tipster — a fact that, if true, can't be lost on Decker and her recently hired ally, CFO Blake Jorgensen. Update: Rubash says he was offered a job over Glaser's head, but turned it down.
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By Owen ThomasComment by fatbastard: I'd imagine that every LA-based Yahoo's job is in jeopardy. Anything and everything Semel related is no longer protected. more » | Other threads
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