Wednesday, September 26, 2012

Mayer to give Yahoo! Inc. (NASDAQ:YHOO) a makeover

The new CEO for Yahoo! Inc. (NASDAQ:YHOO), Marissa Mayer, has big plans for the company, and to that end, she has been holding meetings with not just the board of directors, but also the employees. The plan to reinvent and rebuild Yahoo was announced by her in a meeting at the Sunnyvale (California) Headquarters.

The speculations have already started doing the rounds, and the specifics of what Mayer plans on doing have not been revealed, but the regular planning meetings have already begun. One of the most important issues, however, will be the prevention of the leaking of important company information over the internet, which will in turn, help in avoiding scandal. Anne Espiritu, a spokesman for Yahoo, talked to Computerworld through and e-mail, stating the fact that the plan would be undertaken, but an official announcement will be put on hold for the time being, till the mid-October financial earnings takes place.

Mayer took over as the CEO of Yahoo after having left a very good spot at Google. The issue of CEOs in Yahoo has been very stormy for the last year, with over 3 CEOs being changed within the space of a year. The company was mired in controversy when CEO Scott Thompson left the company after being in the position for only four months. This was after an investigation was launched to scrutinize his academic credentials.

According to an Internal Memo, Mayer has already had her first meeting with the board of directors. Meetings are also being conducted both in the mornings and in the evenings, in order to accommodate people from different time-zones all over the world.

After having been the CEO for a few months, Mayer has had time to analyze the strong and the weak points of the company. According to Dan Olds, who is an analyst at Gabriel Consulting Group, she is trying to get a more in-depth idea of the issues by keeping communication open with different employees, and by trying to grasp the workings of all the departments. Yahoo, so far, seems to be in good hands. 

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