I wouldn't say she had no strategy, but that her strategy didn't work.
But then I think any strategy that started with "This is how we're going to save Yahoo" was doomed to fail. The brand is synonymous with Web 1.0 and was tarnishing their acquisitions.
A strategy of "This is how we're going to leverage Yahoo's assets" would have been a better starting point. Yahoo should have become a parent company, like Alphabet, that stays silent and out of the way. Then run down the Yahoo brand while building the acquired brands and re-branding the successful parts of Yahoo as something else.
But then I think any strategy that started with "This is how we're going to save Yahoo" was doomed to fail. The brand is synonymous with Web 1.0 and was tarnishing their acquisitions.
A strategy of "This is how we're going to leverage Yahoo's assets" would have been a better starting point. Yahoo should have become a parent company, like Alphabet, that stays silent and out of the way. Then run down the Yahoo brand while building the acquired brands and re-branding the successful parts of Yahoo as something else.