Yahoo freezes salaries to control expenses
US based internet media giant Yahoo has announced that they are now freezing employee pay as part of their plan to cut costs and stay competitive.
Yahoo! spokeswoman Kim Rubey had this to say on these new developments: “The executive team decided that providing annual salary increases would not be [...]
Carol Bartz expected to be named new CEO of Yahoo
Carol Bartz has been rumored to be one of the names being considered by Yahoo for their CEO position.
Reports are now stating that the deal is almost done between the two parties.
Yahoo is expected to make an official announcement soon.
Carol Bartz is currently the Chairman [...]
Yahoo starts laying off employees
Internet media giant Yahoo has now started firing employees as part of their plan to cut 1,520 jobs in their operations around the world.
Yahoo co-founder Jerry Yang had this to say in an email sent to company employees:
yahoos,
today, most of our layoffs in the US are happening, and [...]
Microsoft and Yahoo denies deal rumors
The Sunday Times had reported that Microsoft was closing in on a deal with Yahoo which involved Yahoo’s search operations.
However, both Yahoo and Microsoft have now denied that they are in any such talks at the moment.
Microsoft representatives said in a statement: “We continue to offer no comment on such [...]
Times Online: Yahoo and Microsoft closing in on a deal
Times Online has reported that Yahoo and Microsoft are closing in on a deal worth around USD 20 billion.
The deal could see Microsoft acquiring Yahoo’s online search business.
It would also see Microsoft supporting a new management team at the head of Yahoo.
This new team could [...]
Jerry Yang to step down as CEO of Yahoo
Jerry Yang seems to have given up. He has announced that as soon as a replacement CEO is found, he would step down from his position in the company.
He is one of the founders of Yahoo who took on the CEO position just around 17 months ago.
Yahoo [...]
Yahoo: Microsoft deal is the best option
Yahoo Chief Executive Officer Jerry Yang has been quoted as saying in media that he considers a deal with Microsoft to be the best possible scenario for the company.
He said: “People who know me know I don’t have an ego about remaining independent versus not remaining independent.”
Yang said that [...]
Jerry Yang gets the support of majority of the shareholders
Some good news for Yahoo finally. The shareholders in the company have shown their faith in the current company board.
Yahoo CEO Jerry Yang also found major support as he got 85 percent of votes supporting his leadership at the top.
The company chairman Roy Bostock was [...]
Yahoo: Google is more desirable partner
Yahoo has stated in a letter to its shareholders that Google is a more desirable partner compared to Microsoft and Icahn.
The company defended their recent deal with the search engine giant which would see Google supplying advertising on some search result pages of Yahoo in USA and Canada.
Market sources have [...]
The Icahn Report is Live!
Billionaire investor Carl Icahn has finally taken some time out to start posting on his recently launched blog.
The Icahn Report is now alive with new posts from the man himself.
Icahn spoke about this new initiative: “I believe corporate democracy in this country is for the most part a myth. The purpose [...]
