New Yahoo CEO's Open Letter to Fans, Analysts, and Employees
ycorpblog.com
ycorpblog.com
So today I’m rolling out a new management structure
OK, what is it?
the notorious silos are gone
To be replaced by....
I’m creating a new Customer Advocacy group ... Our Customer Care team does an incredible job with the amazing number of people who come to them, but they need better resources. So we’re investing in that. After all, you deserve the very best.
(Yawn.)
Maybe I don't know enough about Yahoo to understand this post's significance. But it strikes me as a generic, "there's a new sheriff in town" kind of post, meant to rally the troops... meh.
But I do not see anything substantive in the letter.
My Yahoo Mail is the old outdated version because their updated version seemed more designed to deliver ads than user experience and all it does is deliver spam.
Calendar, briefcase, mail, search, news, finance - I now do all of these on Google where the technology is faster and cleaner. Innovation appears to have died at Yahoo.
That said, her comments here made me rethink my writing them off. Semel and Yang really did a number on this company. Semel was a looter who never wanted to get his hands dirty with operations and Yang's head is in the clouds.
This letter is a good start, let's hope Yang has the wisdom and humility to not get in the way. I believe he's still on the board.
They need to humble down and understand they are just a brokerage ad firm for the internet, billons of dollars worth do.
Even if she fails, at least (so far) she's been straightforward about everything Yahoo is doing.
according to google finance, google has about 20k employees bringing in 5.7B each quarter, and yahoo has about 14k employees bringing in 1.8B/quarter.
i think the yahoo plan is to get microsoft to buy the search platform and then make a advertising deal with google. this will not only get yahoo more money than they are worth now, but it will also make regulatory agencies happy.
That's what everyone said about Apple before Jobs came back too. It's amazing how an energized, focused leader with an "outside" perspective can make a world of difference. Look at Apple now.
Yahoo needs to get off the content train, sell some of its premium services and failed integrations (delicious, anyone?) and push harder on the "your mail contact list is your social network" push that they have going. Fortunately, they have a lot of good properties. Unfortunately, their integration is absolutely abysmal.