Yahoo Appoints Scott Thompson CEO
businesswire.com
businesswire.com
He is the anti-Carol Bartz. He is extremely likeable, approachable. He's a consensus-builder, not a bomb thrower. And he did double PayPal's user base and revenue to 100+ million and $4+ billion respectively.
Yahooers will like this guy. He's sharp. He's the right man for the job.
He used to be the CTO so he is also a strong technical person. It's a great fit.
But a "consensus-builder" is not something that Yahoo needs right now. They are in deep trouble, and they need someone that is willing to drag them, kicking-and-screaming if need be, into a better position. This requires vision and balls, and the willingness to gut the layers and layers of middle management that diluted every single good idea Yahoo had. They also need to completely eradicate the board they have at Yahoo and get some real tech people, not fat cats with no vision, suckling off the teats of Yahoo shareholders.
I liked Carol Bartz because they needed someone to cut through the BS within Yahoo, but unfortunately she just wasn't right in her vision. I personally would have given her another couple more years.
And I don't take being a consensus builder means lacking vision, it means you get the team on board as opposed to charging ahead regardless of what people think. A consensus builder sells their team on the vision, then executes.
Wait, you state that Yahoo needs someone with vision and balls, then you say you'd have given CB a couple more years right after saying her vision was no right???
Nobody is addressing the real issue: Yahoo needs to build something innovative that people want to use, not just mee-too services.
I agree with what you say about the board. Look at Google, Apple and too a certain degree even facebook, you have very very technical/visionary leaders -- Yahoo seems to be trying to solve a technical abyss with traditional business strategies.
That's good (even though I don't know that business that refers to) because they botched the entire mobile entry.
http://m.yahoo.com/w/frontdoors/ provides a decent mobile experience. So they developed their own android app, which only acts as a branded web browser for the above URL. The only "features" the app seems to add are Posting to facebook (not a yahoo! property!) and Sharing a url via the standard email/message/text/etc.
The mobile site looks well designed and easy to navigate, but cuts essential features to get there.
* For instance, Sports team by conference, but you can't see records or standings http://m.yahoo.com/w/sports/ncaaf/teams/ncaaf.i-a.2?.ts=1325... Guess I'm going to ESPN
* The mobile calendar has no month view and requires a 3 drop down date widget to navigate beyond next/prev week. Can't see which weeks in February I'm free for vacation without navigating through each week. Guess I'm sticking with google calendar's native app.
* Yahoo Games has a huge offering and user base and nearly every game should be playable on a phone, but I can't play Yahoo chess. Why not? Too busy cloning youtube and myspace I assume.
* http://m.yahoo.com/w/movies?.intl=us&.lang=en Check out the mobile movie page. An incredibly useful feature! And it includes reviews! Go ahead and click reviews for a movie to see what yahoo users think. Wait.. brings you to the movie page. Ok, click reviews again... oh wait it isn't a link. How do I read user reviews on my phone? Guess I'm going to another site for that content.
Simple stuff that just screams "We aren't using our own products!" I don't for a second believe Yahoo uses their own calendaring system for work. Tons of stupid broken features they should clean up, but it seems no one cares to pay attention.
Yahoo has tons of content but they refuse to deliver it. The above issues aren't really that bad, but I have options so I will gladly go to a provider who delivers a better experience.
Meanwhile, running paypal should not count as a positive credential. Perhaps if yahoo swears fealty to ebay then they too can benefit the same way paypal has.
Not who I'd want running a floundering tech giant.
They need someone who groks products and can make acquisitions to grow the audience. You want the operations guy to be the number two, not the CEO.
Who writes these PR releases? Some humility should be in order here..
Yahoo Appoints Scott Thompson CEO [FIXED] Yahoo! Inc. (NASDAQ: YHOO), the premier digital media company from April 1999 to February 2000 is desperately trying to become relevant again after a series of incomprehensible blunders. We are very hopeful that with the appointment of Scott Thompson as Chief Executive we will finally get things turned around because, quite frankly, the next stop for us is being Gecko'd - bought out for pennies on the dollar, broken apart and sold off to the highest bidders at auction.
I was curious because I could not think of any interpretation where that statement made sense. When I hear the phrase I might think "Apple" or iTunes/iPod or "Amazon" for e-books, but on a multiple choice question "Which of the following companies is the premier digital media company?", Yahoo! would have been the first company I would mark off as not being it.
That being said, perhaps it helps frame the challenge for Scott, which is to help Yahoo! regain its corporate identity.
I'm curious what he'll define as the core business...