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October 11, 2006

All is Not Well at Yahoo!

posted by MR WAVETHEORY at 10/11/2006 01:53:00 AM
NYTimes writes an article admonishing Yahoo! for not doing more. It's not easy being Yahoo! Inc. former leader of the Internet, especially when everyone thinks you lost out on YouTube. Nothing to worry though. It's just a few operational issues.

Summary of what I think are the highlights.

Execution Retention Bonuses
Yahoo has responded by giving substantial raises to favored executives it wants to keep, according to one current executive who spoke on the condition of anonymity because he did not want to jeopardize the raise he received.

Yahoo’s faltering image and plunging stock price may also be hurting its ability to recruit talented people. “A lot of entrepreneurs I talk to would rather work for a hypergrowth technology company than what they consider — and this is funny — a stodgy old Internet company,” Mr. Squali said.

Political Fights and Turf Wars (Read my speculation FaceBook Turf War at Yahoo!)
Current and former Yahoo employees say the company has been bogged down by bureaucracy and internal squabbling. For example, the media group, which handles video programming, and the search group, which has a system to find videos on the Web, both wanted to offer a service for users to upload their own video clips. The search group won, but the delay allowed YouTube, a start-up, to dominate the market.

Losing Ad Monies to MySpace and Viacom

“Yahoo has lost the favor it enjoyed a year or two ago,” said David Cohen, a senior vice president of Universal McCann, a media buying agency of the Interpublic Group. He said his clients were reducing the share of their budgets they allocate to Yahoo in favor of newer sites, like MySpace, and sites developed by big media companies like Viacom.

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