The Business On... Carol Bartz, chief executive, Yahoo
Thursday 23 June 2011
It has been only two and a half years since the Silicon Valley veteran took the helm at Yahoo, but rumours of her imminent firing have been doing the rounds now for... oh, about two years.
And now she is in thelast-chance saloon?
There certainly looks like being a sizeable protest vote against herre-election and against other board members at the shareholder meeting today, which promises to be a fiery affair.
Why the disillusion?
Where to start? Its news, email and Flickr photo sharing services together make Yahoo one of the biggest internet companies, but there is a strategic drift that has become very alarming. The decision to outsource the Yahoo search engineto Microsoft is not paying the promised dividends. Facebook has just overtaken Yahoo in terms of dollars spent on display advertising on its site. I could go on...
Wall Street sees very little value in the core Yahoo business, and is more interested in its stake in its Chinese partner Alibaba, except that relationship has soured badly under Ms Bartz, and the pair are in a dispute over the sale of a Chinese subsidiary.
What does Bartz say to all this?
She is a no-nonsense kind of speaker. In one televised appearance, she told an interviewer to "Fuck off" when he asked about all this. Her standard response is that Steve Jobs was back at the helm of Apple for several years before he came up with the iPod.
Is Yahoo about to inventthe iPod?
More likely it will do a bet-the-farm acquisition of an internet business that seems to have a brighter future. Hence the speculation yesterday that it is behind an unsolicited approach for Hulu. That's the online TV site currently owned by the big US broadcasters.
And Bartz? She survives?
"Carol has the full confidence of the Yahoo board," it said yesterday. So probably not.
- 1 Home Office says Nigerian asylum-seeker can’t be a lesbian as she’s got children
- 2 What happens to your body when you give up sugar?
- 3 Japanese island overrun with cats after population explodes
- 4 Apple and Google users being spied on for a decade because of 'Freak' security flaw
- 5 Have sex with your iPad thanks to the new sex toy no-one asked for
The City of the Monkey God: Archaeologists claim to have found city lost for 1,000 years in remote Honduran jungle
Japanese island overrun with cats after population explodes
Delhi bus rapist blames dead victim for attack because 'girls are responsible for rape'
Bubonic plague-carrying fleas found on New York City rats
London property boom built on dirty money
'Jihadi John': CAGE representative storms off Sky News accusing Kay Burley of Islamophobia
Durham Free School: 'Creationism taught at' free school facing closure
Nearly 100,000 of Britain's poorest children go hungry after parents' benefits are cut
Ukip would cut billions from Scottish budget to fund English tax cuts
End of the licence fee: BBC to back radical overhaul of how it is funded
Ukraine crisis: Top Chinese diplomat backs Putin and says West should 'abandon zero-sum mentality'
Negotiable: Recruitment Genius: Have you been doing a brilliant job in an admi...
£26,498 - £31,556: Surrey County Council: We are looking for an outgoing, conf...
£50000 - £60000 per annum: Recruitment Genius: Are you an innovative, senior H...
£20000 - £22000 per annum: Recruitment Genius: Our client, a very well respect...