Peter Kafka

Recent Posts by Peter Kafka

Yahoo CFO Blake Jorgensen Out as Bartz Starts Reorg


Time to start “getting our house in order,” Yahoo CEO Carol Bartz declared today.

One of the first steps: Sweeping out CFO Blake Jorgensen.

Here’s the two-sentence update Yahoo filed with the SEC this morning explaining the move:

“On February 26, 2009, Yahoo! Inc. (the “Company”) announced that Blake Jorgensen, Chief Financial Officer of the Company, will be leaving the Company. The Company has initiated a search for a new Chief Financial Officer. Mr. Jorgensen will remain with the Company as its Chief Financial Officer through a transition period.”

Jorgensen, you may recall, was the Yahoo (YHOO) executive who was signaling the company’s interest in a Microsoft (MSFT) search deal just yesterday.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work