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Monday, August 17, 2009

Yahoo Poised to Name New International Head–After Five-Month Look-See at the Crowned Web Heads of Europe

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Yahoo is closer to naming a new international head, according to sources, the last big slot left in the top management structure of CEO Carol Bartz.

While BoomTown is endeavoring to get the name of this international man of mystery, the suspect list is long, since Yahoo’s headhunter for the job–Heidrick & Struggles–has pretty much talked to the gamut of international Web muckety-mucks since the search started six months ago.

In a memo to Yahoo staff after her reorganization in February, Bartz said that “international growth is critical for Yahoo!, which has become too reliant on its U.S. business over the years.”

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Tuesday, January 13, 2009

Bartz to Be Named Yahoo CEO: Now What’s Next?

It looks like Carol Bartz will be taking on the thankless role as new Yahoo CEO.

Sources close to the situation told BoomTown–which had first named the former Autodesk CEO the top pick for the top job at the troubled Internet company last week–that Bartz has been approved for the job by the Yahoo board and has accepted it.

The Wall Street Journal is also reporting the move.

But can the experienced tech exec turn Yahoo around?

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Tuesday, December 30, 2008

Dear Yahoo Board: C’mon, Get On With It (A CEO by Tomorrow Would Be Good)

BoomTown’s got nothing, which is not something I like to say very much.

I am talking about the Yahoo CEO search, which is either being done by the Internet giant’s board in such elegant secrecy and with such amazing stealth that it is getting by everyone.

That or it’s business as usual for the Yahoo board, which so far has never met a challenge for the company it could not drag out painfully and with great public dithering.

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Wednesday, December 3, 2008

Yahoo Board Casts About for New CEO: No Committee, Six Criteria and AOL Merger-Ready!

Now let’s return from the land of fatuous deal schemes and half-baked plots to buy Yahoo and get to the most critical issue facing its board right now: Finding a new CEO to replace outgoing leader Jerry Yang.

Sources tell BoomTown that board Chairman Roy Bostock has been asserting a new CEO will be named by the new year.

Only 28 more shopping days until management clarity!

Well, maybe not so much, given there is no formal search committee. But there is a list and a pending AOL deal, so let’s hope for a miracle on 701 First Avenue in Sunnyvale!

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Monday, November 17, 2008

BoomTown Scoop Confirmed: The Entire Yahoo Press Release on Yang Stepping Down as CEO

As BoomTown reported earlier today in an exclusive scoop, Yahoo has confirmed that CEO Jerry Yang will be stepping down and a search for his replacement is underway.

Heidrick & Struggles will conduct the search for a new CEO, who is likely to come from outside the company.

Here is the entire Yahoo press release about the development…

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Jerry Yang’s Entire Memo to His Employees on Stepping Down as CEO

BoomTown has obtained the entire memo from Jerry Yang to his employees at Yahoo about his plans to step down as Yahoo CEO.

Yang, a truly nice man–which has been a plus and a minus for him–and an Internet visionary for sure, penned a classy note to the Yahoo troops. And BoomTown, feeling sentimental, will not even make fun of the lack of capitalization this time.

Here’s the memo…

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Yahoo’s Jerry Yang to Step Down, as a Search for New CEO Commences

Yahoo CEO Jerry Yang will step down from his job as CEO, said sources close to the company, as soon as the board finds a replacement for him, in what sources close to the situation call a joint decision by him and the directors.

Yahoo will announce the move later today. [UPDATED: Yahoo has since confirmed the move.]

Yahoo has hired Heidrick & Struggles, the well-known executive search firm, to vet candidates, both internally and externally, to take over the top spot at the troubled Internet giant.

Sources said it is unlikely current Yahoo President Sue Decker will get the job, which is more likely to go to an outsider.

Some BoomTown choices: News Corp. COO Peter Chernin, former eBay CEO Meg Whitman or former Yahoo COO Dan Rosensweig.

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About Kara

Kara Swisher started covering digital issues for The Wall Street Journal's San Francisco bureau in 1997 and also wrote the BoomTown column about the sector. With Walt Mossberg, she co-produces and co-hosts D: All Things Digital, a major high-tech and media conference.

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Ethics Statement

Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.

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