Tag: Dan Rosensweig
Tom Foremski has some backstory on Yahoo's surprise announcement:
Yahoo prereleased its announcement because the Wall Street Journal said it would go live with the story.
The WSJ had been prepped by sources earlier in the day and agreed to publish the reorganization story in Wednesday's newspaper. But it wanted an interview with Terry Semel, Yahoo CEO, which he kept missing Tuesday afternoon.
WSJ editors grew increasingly frustrated with the no show from Terry Semel. They worried that Yahoo might be pre-briefing the rest of the...
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Chief Operating Officer Dan Rosensweig and Lloyd Braun, the head of Yahoo's media and entertainment group, are leaving the company. John Marcom, senior vice president of International Operations, is also leaving the company.
"The Internet is continuing to grow and evolve at a rapid pace, and we're reshaping Yahoo to be a leader in this transformation, just as we did successfully five years ago," Yahoo Chief Executive Terry Semel said in a statement.
Their key objectives will be expanding customer-centric culture, creating leading social...
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According CNET, Yahoo plans to host a private, internal Webcast for top executives after the close of trading Tuesday; Insiders expect major news.
That news could include significant layoffs or perhaps even the departure of Yahoo Chief Terry Semel, who has come under increased criticism for the company's disappointing performance, according to the source.
The source said that the announcement could also be a major acquisition, given the attention the Webcast has received inside the company.
Yahoo has taken a beating in recent months,...
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