Kara Swisher

Recent Posts by Kara Swisher

Yahoo Exec Reses Joins Alibaba Board

Alibaba Group said that top Yahoo exec Jackie Reses had joined its board of directors, taking over a slot most recently held by the company’s former CFO Tim Morse and also previously held by Yahoo co-founder and former CEO Jerry Yang. Reses was named EVP of people and development in September, overseeing human resources and corporate development at the Silicon Valley Internet giant. The board of the Chinese e-commerce company, in which Yahoo still holds a large stake — about 23 percent fully diluted — after selling a multi-billion-dollar chunk recently, also included Alibaba’s top execs Jack Ma and Joe Tsai, as well as SoftBank’s CEO Masayoshi Son. Japan’s SoftBank also has a major investment in Alibaba. As part of the buyback agreement with Alibaba, Yahoo has relinquished the right to a second seat.


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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald