Feeds

Yahoo! parts! ways! with! CFO!

Microhoo resurrection swansong

Bridging the IT gap between rising business demands and ageing tools

Update: This story has been updated to include quotes from Carol Bartz's Yahoo! reorg blog post

Yahoo! has told the world that chief financial officer Blake Jorgensen is leaving the company. The struggling web portal announced the news this morning with an SEC filing.

The announcement comes less than a day after Jorgensen told an investor conference that Yahoo! had not ruled out the possibility of striking some sort of internet-search pact with Steve Ballmer and Microsoft.

"We want to do it for the right reasons and the right economics," he said, according to Bloomberg.

Earlier this week, reports indicated that new CEO Carol Bartz was preparing to reorganize the company's management structure. And this morning, Bartz announced the reorg with a blog post this morning - though she did not mention Jorgensen's departure.

"So today I’m rolling out a new management structure that I believe will make Yahoo! a lot faster on its feet. For us working at Yahoo!, it means everything gets simpler. We’ll be able to make speedier decisions, the notorious silos are gone, and we have a renewed focus on the customer," she wrote.

Details were few, but she did announce the creation of a new Customer Advocacy group. "After getting a lot of angry calls at my office from frustrated customers, I realized we could do a better job of listening to and supporting you. Our Customer Care team does an incredible job with the amazing number of people who come to them, but they need better resources. So we’re investing in that. After all, you deserve the very best.

"We’re also leaning on this team to make sure we’re all hearing the voice of our customers (consumers and advertisers)."

On Monday, Hearst announced the hiring of Neeraj Khemlani, the vice president and general manager of Yahoo News. And yesterday, Yahoo! confirmed the departure of Marco Boerries, who oversaw Yahoo!'s mobile efforts as head of the company's "Connected Life" division.

Prior to Jorgensen's Microhoo resurrection yesterday, Bartz had seemed to downplay the possibility of an agreement with Microsoft. During her first Yahoo! earnings call, the former Autodesk chief called search "a very valuable part of our business. Understanding the intent and goals of our users as they seek information online is extremely useful to our franchise in many ways."

But she did not directly address the possibility of selling Yahoo!'s search biz to Microsoft or entering some other search agreement with the company.

Meanwhile, Yahoo! has announced several new search-related ad tools in recent weeks. Last week, it tossed video ads into its search engine. And this week, it introduced new tools that allow advertisers to target web display ads according to a user's search activity. ®

Application security programs and practises

More from The Register

next story
BBC goes offline in MASSIVE COCKUP: Stephen Fry partly muzzled
Auntie tight-lipped as major outage rolls on
iPad? More like iFAD: We reveal why Apple fell into IBM's arms
But never fear fanbois, you're still lapping up iPhones, Macs
Amazon Reveals One Weird Trick: A Loss On Almost $20bn In Sales
Investors really hate it: Share price plunge as growth SLOWS in key AWS division
Bose says today is F*** With Dre Day: Beats sued in patent battle
Music gear giant seeks some of that sweet, sweet Apple pie
There's NOTHING on TV in Europe – American video DOMINATES
Even France's mega subsidies don't stop US content onslaught
You! Pirate! Stop pirating, or we shall admonish you politely. Repeatedly, if necessary
And we shall go about telling people you smell. No, not really
Too many IT conferences to cover? MICROSOFT to the RESCUE!
Yet more word of cuts emerges from Redmond
Chips are down at Broadcom: Thousands of workers laid off
Cellphone baseband device biz shuttered
Twitch rich as Google flicks $1bn hitch switch, claims snitch
Gameplay streaming biz and search king refuse to deny fresh gobble rumors
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Top 8 considerations to enable and simplify mobility
In this whitepaper learn how to successfully add mobile capabilities simply and cost effectively.
Seven Steps to Software Security
Seven practical steps you can begin to take today to secure your applications and prevent the damages a successful cyber-attack can cause.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.