“The next 100 days or so will be spent mapping out Yahoo’s strategic plan,” said Yang. “We’re well underway in our review of the business. We will move fast in a focused way.”
Yang, who noted that he took the CEO post “not out of obligation but desire,” said he will be taking a “fresh look” at Yahoo’s assets and deemphasizing parts that are not performing well or don’t fit in. Yang acknowledged that he didn’t have all the answers Tuesday, but said he intends to get them. He said:
I believe Yahoo is too often defined by the competitive landscape. Yahoo is a deep and active market place. The way we will strengthen Yahoo is to strengthen the market place. There’s a gap of where Yahoo is and where Yahoo needs to be."