Blodget Would Bet His Company On A Yahoo Turnaround

Silicon Alley Insider:

Here's the plan:

* Yahoo will acquire our parent company, Silicon Alley Media, for stock. We already own some YHOO, and we're willing to put more money where our mouth is: Specifically, we're willing to bet our entire company on our YHOO turnaround plan.
* Yahoo will appoint us as acting CEO. No worries: We will not become yet another fat CEO pig at the trough. In fact, we're so excited about this opportunity that we'll do it for Jerry's salary: $1 a year (okay, maybe we could add some zeroes, to preserve our marriage. But not six. Or, god forbid, eight). We also have no ambition to hold this post indefinitely. Several folks in the business world are more qualified to run a global Fortune 500 company than we are, and when the time is right, we will gladly hand the reins to one of them. Unlike many incoming Yahoo CEO candidates, however, we know what Yahoo needs right now, and there's no sense wasting time CEO-hunting when we can start the process today.
* We will immediately resize the company, cutting approximately one-quarter to one-third of the cost base. Even now, with its bloated cost structure, Yahoo is still making money. Our cuts will ensure that Yahoo is positioned to survive a major online ad downturn and still have plenty of cash flow to reinvest in the business. One big reduction instead of several small ones will also ensure that Yahoo doesn't go down the road it is heading down now, which is the demoralizing death by a thousand cuts.

Read the whole story: Silicon Alley Insider

Comments

[kassandrasduplex]

Jarry Yang had his company stolen fromhim by greater powers. The move that got me was when the guy from WSJ went over to Yahoo News division and dropped the message boards, eliminating one of the most democratic forums on the net. There has been nothing like it since. Then he embarked on a hard core right wing news bias and tabloid garbage too. It was as if the guy was trying to destroy Yahoo's news division. But perhaps by driving down the value of Yahoo, that is they was they take it over. They did something similar to Ted Turner at CNN.

[mcarmaniac]

someone needs to wake jerry from his nap and tell him he's been fired

[munki]

Jerry was creative at the time...sho­rtly after the internet was introduced­...
He got softbank (Japan) to support and expand the company...
Got great presence in Asia, Europe... globally..­.
then the competitions entered... especially, in Asia... geeks...
Perhaps... we learned from this lesson...
Global expansion, but must need to be ahead of time...
No one thought of rapid change and growth in Chinese, Indian and other Asian countries' tech growth...
Not only our backyard..­. look to the blue sky!

[curiousasheck]

Jerry should do good things with all this money rather then hoarding it.. Something that really helps people for a change because he's not going to be able to take it with him when the "last instant" finally arrives and it's to late.

[KillTheMessenger]

Who in the world needs Yahoo?

Just a simple question anybody who wants to put money into it should be able to answer.

[curiousasheck]

Poor Jerry. This guys really suffering. Net Worth US$2.3 billion how in the hell is he ever going to get by.