Spencer Stuart, the executive talent firm is
pulling out all stops by looking for a COO for Yahoo! Inc. (NASDAQ:YHOO), with
turnaround experience. This will probably be a big step for Yahoo after the
arrival of CEO Marissa Mayer from Google. Mayer has applied quite a lot of
strategies in her current company like free food, screened recruiting
processes, and weekly all-hands meeting, which prevailed in her prior
workplace.
The COO will also need to concentrate on finance
and restructuring. Although speculation is rife as to the role Mayer is playing
in the hiring of a new COO, it is being said that the latter will focus on the
business development and oversee the turnaround times for projects, whereas the
former will preside over product and innovation, which are her core areas of
strength.
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Trend Analysis on YHOO Here
Another hi-profile hiring took place in Facebook
too, when COO Sheryl Sandberg was roped in to man the business side of the
social networking site. The recruitment of the COO in Yahoo is happening at a
crucial time, because this company has stretched itself thin and Wall Street
investors are keeping a watch as to how Mayer revamps the structure.
Apparently, Mayer might not be able to fulfill her promise of returning a $4
billion-plus cash windfall to shareholders after some assets were sold in China .
The stock plummeted quickly after this announcement because Mayer’s statement
was extremely vague.
Mayer has approached former colleagues for the
position such as Googler Katie Jacobs Stanton, who is now managing
international efforts in Twitter. Some high profile departures have also taken
place in Yahoo after Mayer came on board such as interim CEO Ross Levinsohn and
HR head David Windley. No one from Yahoo has commented on the hiring yet, even
though numerous theories are already doing the rounds.
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