Kara Swisher

Recent Posts by Kara Swisher

Another Top Yahoo to Depart: Global Initiatives Head Keith Nilsson

Earlier today, BoomTown reported on the departure of Yahoo’s M&A exec, Andrew Siegel, from the company.

Tonight, I got a call that another top Yahoo–Global Initiatives Group SVP Keith Nilsson (pictured here)–was also leaving the Silicon Valley Internet giant.

Nilsson, a 12-year Yahoo veteran, had run emerging markets for the company, until he was appointed in January to his new job.

Reporting directly to CEO Carol Bartz, Nilsson was focused on supporting global relationships and alliances, as well as revenue partnerships.

It’s not clear where Nilsson is going, but he might be headed to a start-up opportunity.

It’s another big blow to Yahoo, where employee morale is worsening after a series of top exec departures and the prospect of a round of layoffs in less than two weeks.

The management capabilities of Bartz are likely to get further scrutiny by Wall Street investors if this talent drain continues.

But that kind of rigorous oversight is unlikely to come from Yahoo’s ineffectual board, which–in fact–is now having a regularly scheduled meeting at Yahoo’s Sunnyvale, Calif., HQ.

Here is a question they might ask Bartz: Why is Yahoo losing so many of its execs and how are you going to stop it?

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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