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Yahoo without a CEO could make sense

The best candidate to take over for Jerry Yang as chief executive at Yahoo Inc may be a dealmaker, or nobody at all.

Speculation has focused on well-known Internet and media figuresJon Miller, formerly of AOL, Peter Chernin, currently of News Corp, Dan Rosensweig, formerly of Yahoo , and Susan Decker, currently its president, among others.

Each has a logic in terms of ability to remake Yahoo. The merit of nobody is that any other choice only delays what many investors see as the best alternative for struggling Yahoo -- to revive some form of a deal to sell all or part of the company to Microsoft Corp. "What Yahoo may need is a dealmaker, not a CEO," says Jefferies & Co analyst Youssef Squali.

"A dealmaker will take everyone out of their misery and maybe that is what we need at this point." On Monday, Yahoo announced that Yang would step aside as CEO and that the board had hired recruiting firm Heidrick & Struggles to look for a CEO both outside and inside the company. Other options include Meg Whitman, the long time eBay Inc CEO, and Tim Armstrong, Google Inc's North American head of sales.

Source:  indiatimes.com
Proposed by: webmaster On 19/11/2008 - 10h53 Last update: 19/11/2008 - 10h53  Write a NEWS
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