Yahoo! exec! exodus! continues!
Last one to leave, please turn out the lights
Delicious founder Joshua Schacter yesterday joined the swelling ranks of executives quitting Yahoo!.
The firm said in a statement yesterday: "Joshua Schachter has contributed greatly to Delicious' success and Yahoo's success in our social search efforts...Yahoo wishes him well in his next endeavor." It added that he will leave at the end of June.
The social bookmarking service was acquired by Yahoo! in 2005 – the same year the company bought photo-sharing website Flickr, whose founders earlier this week announced that they too were quitting the struggling internet giant.
Meanwhile, according to the New York Times which quotes Yahoo! insiders, three more senior executives are set to leave the firm.
It reports that key Yahoo! biz strategists Qi Lu, Vish Makhijani and Brad Garlinghouse are moving on.
However, Yahoo! declined to confirm the departures. Instead it said in a statement: “We have a deep and talented management team across all areas of the company,” and added that Yahoo! was experiencing “the attrition that’s to be expected in the internet industry”.
In 2006 senior veep Garlinghouse criticised Yahoo! in a notorious leaked memo known as the Peanut Butter manifesto. He grumbled at the time that the company was spreading itself too thinly - offering too many services and lacking focus.
Meanwhile, Yahoo!’s high-profile developer Jeremy Zawodny who quit the firm last week announced that he has a new job with Craigslist.
He said in a blog post yesterday: "Over the course of about three seconds, something clicked in my little brain, and I realised that Craigslist is a pretty unique combination of things: a small company with a solid financial base, a great service that I use myself, a focused group of people who really care about doing things well, and an open source-friendly environment." ®
Louis...you're a moron
If you truly believe this, then buy up some of their stock. You will change your mind in a hurry.
Sinking ship? Are you kidding? Jerry Yang is to Yahoo what Steve Jobs is to Apple. Yang is the man and he did the right thing to save his company. He should be applauded. There is a need for an antidote to the Google monster and Yahoo is it, not Microsoft.
If the jumping rats were all that good, why would the ship be sinking? It is good thing that the old guard is leaving. They failed. Now, what Jerry needs to do is to attract a true visionary who understands what is wrong with the search and advertising business (and there is a lot that is wrong with it other than it being kinda boring) and come up with an exciting and elegant solution that will leave the competition in the dust. Jerry should also consider diversifying Yahoo's business a little. There is lot more fish in the computer ocean than just search and advertising. Watch Yahoo bounce back like a tiger and confound all the doomsday prophets.
Will! You! Stop! With! The! Stupid! Headlines! Whenever! Yahoo! Is! Involved!?