John Paczkowski in News on June 11, 2009 at 1:24 pm PT
Looks like Yahoo has found its new CFO. This afternoon, the company said Tim Morse will take charge of its finances. Morse, who has served as CFO for chip maker Altera since 2007 and spent 15 years at GE before that, will start work on June 17 and assume CFO responsibilities on July 1.
Welcome news, since Yahoo has been looking to fill the position since Blake Jorgensen said he would step down from the company last February.
Kara Swisher in News on May 28, 2009 at 9:55 am PT
Blake Jorgensen, who left Yahoo as part of a management reorganization by CEO Carol Bartz, has taken a job as CFO at Levi Strauss & Co.
He’s the second Yahoo to move to the the jeanswear manufacturer recently. Former Yahoo PR head Jill Nash took over communications at Levi several months ago.
John Paczkowski in News on May 22, 2009 at 4:10 pm PT
2009 has proven a lucrative year for departing Yahoo CFO Blake Jorgensen. Sure, he’s leaving Yahoo, but he’s doing so with a $1.8 million lump-sum severance payment, according to a company SEC filing. This in addition to the $250,000 bonus he was awarded earlier this year.
Kara Swisher in News on April 21, 2009 at 2:19 pm PT
A major Yahoo investor yesterday told me that he liked what he saw so far from new Yahoo CEO Carol Bartz, but he was wary.
“I like the sizzle,” he said, referring to Bartz’s decisive take-no-prisoners style. “But I am still waiting to see if steak is there too.”
Well, Bartz sizzled at its first-quarter earnings conference call today, tossing off some ribald words as she also handed over some tough news to chew on, announcing Yahoo’s much-expected weak first-quarter results. The company also said it would cut five percent of its staff of 13,600, which is close to 700 employees.
BoomTown liveblogged the call with Bartz, who noted about Yahoo: “The most important takeaway was the importance of having a ‘Wow!’ experience.”
John Paczkowski in News on February 27, 2009 at 5:15 am PT
Microsoft is still interested in a search deal with Yahoo, but for now it’s assuming one’s not in the cards. That’s the word from Microsoft CFO Chris Liddell, who, in remarks at a Goldman Sachs conference in San Francisco Thursday, said Yahoo is not a “silver bullet” solution for the problems with its search business.
Kara Swisher in News on February 26, 2009 at 4:00 pm PT
Goodness gracious, make it stop!
You must know by now how much BoomTown loves internal Yahoo memos. But this is getting ridiculous.
It’s been like a flash flood after a long drought at Sunnyvale HQ today, as Yahoo CEO Carol Bartz turns on the firehose of a whole lot of communicating.
“I know you guys have reorg fatigue,” wrote Bartz in the latest email to employees about the management reorganization finally announced this morning.
Also memo fatigue at
All Things Digital HQ, if you can believe it.
Kara Swisher in News on February 26, 2009 at 11:46 am PT
Along with Yahoo CEO Carol Bartz’s external email earlier today, the company also outlined the new management structure in another memo.
It’s pretty much what BoomTown has been reporting all week. Top-down simplification, which is another word for: Carol rules over Yahoo.
CTO Ari Balogh gets a lot of stuff as new head of products, and so does U.S. head Hilary Schneider, including mobile, as EVP of North American Region. Bot report to Bartz.
Here’s the entire memo of Yahoo’s new organization.
Peter Kafka in Media on February 26, 2009 at 9:52 am PT
Time to start “getting our house in order,” Yahoo CEO Carol Bartz has declared.
One of the first steps: Sweeping out CFO Blake Jorgensen.
Jorgensen, you may recall, was the Yahoo executive who was signaling the company’s interest in a Microsoft search deal just yesterday.
Kara Swisher in News on February 26, 2009 at 9:28 am PT
Yahoo CEO Carol Bartz declared reorg today on the company’s corporate blog, Yodel Anecdotal. Here is her entire memo: Getting our house in order Posted February 26th, 2009 at 9:16 am by Carol Bartz, CEO A month and a half in the saddle and today I have the perfect excuse to get blogging. I’ve been [...]
Kara Swisher in News on February 26, 2009 at 7:47 am PT
About 10 days ago, BoomTown posted a piece titled, “With a King’s Ransom in Cash, Why Is There Still No Buying Spree in the Tech Space Yet?”
Noting the big cash hordes being held by a plethora of giant tech and Internet companies and their strong cash flows too, even in the midst of the economic meltdown–I wondered when the mergers and acquisitions would ever begin.
With no hooking up as yet–which feels about as annoying as the persistently unconsummated flirtation of Chuck and Blair on “Gossip Girl”–that just won’t do!
So, here are a few suggestions to get this party started.
