I agree; and that's coming from someone that just resigned from Yahoo. Here is an excerpt from my resignation post:
The transformation that I’ve experienced over the last two years of being in Sunnyvale has been inspiring. There is a palatable sense that we are on the verge of a momentous turnabout. No internet company of that size has ever lost monthly active users in those numbers without nose-diving into oblivion. I am rooting for Yahoo; a turnaround would be glorious. In the minds of the employees that I’ve spoken to, given the time needed, it is an all but forgone conclusion that Yahoo will soar to new heights on the internet.
I don't know if you remember me; We had a conversation in the bus on route 26 in mid-2013 when I had newly moved to Sunnyvale. I remember you mentioning your kid and his love for coding; best of luck to both of you!
I absolutely remember you! OpenStack, right? Thank you. My profile has an email address; use it if you think of anything that I can clear up about my resignation.
I agree... but it has been 3 years since she took over. At some point people are going to want to see actual results. And so far Yahoo has gone from $5b in revenue in 2012 to $4.68b (2013) to $4.62b last year. (Even by quarter: Q4-2014 is 10m in revenue less than Q4-2013... and net profit dropped by more than half)
I understand there's a lot to fix at Yahoo.. but how much more time is she really going to have without posting real results?
She should have as long as Yahoo is in the black. It's appetant stockholders greedy for short term gain that are screaming to lay-off gainfully employed people. People that are producing real and substantial profit quarter after quarter.
She should pull a Dell and drop the pack of vultures hoping for a takeover. Then she could continue to do the awesome surgery to rid Yahoo of its cancer.
Yahoo isn't even keeping up with inflation... much less kept par with average IT-industry growth.
If it were a private company, she would have "as long as Yahoo is in the black"... but Yahoo took money from other people. Those people are going to want a return at some point.
The vast majority of the current market cap is Alibaba and Yahoo Japan. Heck, all of it by some accounts. The stockholders will get their money back. The stock price reflects this.
7b* in profit is substantial and it'd be a travesty if 15k people lost their jobs for a little short term action.
No, they had 4.6b in revenue. Their operating income was 146m for 2014... (which is a big drop from the 590m in 2013, and 565m in 2012).
Re edit: I see you edited the profit number to 7b. This number includes 10b in one-time asset sales during 2014. (EDIT: sold 10b of Alibaba stake [0]). For Yahoo's sake, I hope Marissa's plan isn't to sell off Yahoo 10b at a time to boost net profits.
it'd be a travesty if 15k people lost their jobs for a little short term action.
No where have I suggested layoffs. I said Marissa may find herself out of a job if things don't improve. I imagine she has another year or two max (unless things change). That's very different than saying 15k people should be let go.
I hear you, and agree regarding the 10b. My point was simply that supporting 15k jobs and still being in the black has value. I know that you know that.
Would you agree that maximizing shareholder value is not the ultimate ethic?
Also, I never said that you were calling for lay-offs
Would you agree that maximizing shareholder value is not the ultimate ethic?
Yes, I wholeheartedly agree. I simply don't think that (most) investors agree with that, and will seek a change in leadership if the income statement doesn't improve.
Few more decades and surely she will do something breakthrough!
She is given way to much credit imo. Any male CEO by now would be cursed but most stockholders in this situation.
I can only speak for myself, but I downvoted you, and flagged your latter two posts, because I didn't think your post added anything of value. It happens all the time. The more you post complaining about it, the more downvotes you're going to get.
Your account's a thousand days old - I'd hope you'd get this without spam-replying to vent your spleen.
