Submitted by Yi-Wyn Yen01.07.2009
Thunderdome
Loading...
Categories
This prediction is closed and has been judged.
Judgment made on January 13, 2009: Yahoo named former Autodesk CEO Carol Bartz as its new chief executive to replace Jerry Yang. The community has correctly judged that Yahoo would name a new CEO by Jan. 27. -- The Industry Standard
Original prediction: Jerry Yang will step down as chief executive and return to his role as "chief Yahoo" as soon as Yahoo's board finds someone to replace him. Yahoo has been actively looking for a new CEO for nearly two months. Said Yahoo's chairman Roy Bostock in a statement, "We all agree that now is the right time to make the transition to a new CEO who can take the company to the next level."
Yahoo is under immense pressure to name a new CEO by the time it delivers its Q4 earnings results on Jan. 27 to shareholders. In the past year, the tarnished Internet portal has steadily lost search share to Google, turned down a $31-per-share offer from Microsoft, and got into hot water with the feds over its proposed revenue-sharing deal with Google. This all happened under Yang's watch.
Given the dismal economy, no one's expecting a stellar fourth quarter from Yahoo. But you can expect the Wall Street rowdies to raise a ruckus if Yahoo doesn't find a replacement when the company announces earnings.
Predicition: The notoriously slow-moving Yahoo will finally man up and name a new CEO to replace Yang by Jan. 27, the day the company reports its Q4 earnings.
Image: Yahoo
Price History
Prediction Statistics
| Betting Closes: | Jan 27 2009 | Current Consensus: | 98.66% | Total Bets: | 27 |
| Today's Change: | 24.58% | ||||
| Life Time High: | 98.66% | ||||
| Life Time Low: | 25.92% |
Comments
According to this article,
"Tech industry watchers are already speculating on replacements for Jerry Yang, but a new chief executive for Yahoo won't likely be named until well into the new year."
"Recruiters say that Yahoo's board must first decide the company's strategy is before it goes looking for a new leader."
http://money.cnn.com/2008/11/18/technology/yahoo_ceo.fortune/index.htm
David, Thanks for quoting my article. Yahoo suffers from paralysis analysis. Given its past history, it could take Yahoo years to find a strategy. Realistically Yahoo can't afford to go that long without a new CEO.
http://kara.allthingsd.com/20090107/new-prospect-for-yahoo-ceo-carol-bar...
All Things D blogger Kara Swisher notes that former Autodesk exec Carol Bartz is being considered for the position. She writes, "Many I have spoken to inside and outside of Yahoo with knowledge of situation said the company is winnowing down its list to a few internal and external candidates and Bartz is a favorite.
While some speculate that Yahoo could announce a candidate sooner than later, it’s long past when Yahoo Chairman Roy Bostock promised some big investors a new and serious leader would be in place."
Regardless of who is on the list or not, if this Yahoo buyout offer takes place, it won't matter much.
http://online.wsj.com/article/SB123146682191166925.html
WSJ.com today reports that Yahoo is close to finding a CEO because it wants to name someone before Q4 earnings are announced.
It appears that Carol Bartz is Yahoo's new CEO. However, "A spokesman for Yahoo, Sunnyvale, Calif., declined to comment. Ms. Bartz could not be reached for immediate comment."
IT IS OFFICIAL - YAHOO HAS A NEW CEO, SEE YAHOO'S PRESS RELEASE:
http://yhoo.client.shareholder.com/ReleaseDetail.cfm?&ReleaseID=359016
YAHOO RELEASES STATEMENT TO SHAREHOLDERS, STATING:
"Carol Bartz Joins Yahoo! as Chief Executive Officer"
Post new comment