Tuesday, November 18, 2008

WSJ: Board Seeks New Leader That Can Break Culture of Indecision, Improve Execution

"Two of the many people being considered at this stage are Tim Armstrong, a senior vice president at Google Inc. and Peter Chernin, president of News Corp., said people familiar with the situation.

Spokespeople for Google and News Corp. declined to comment. News Corp. owns Dow Jones & Co., the publisher of The Wall Street Journal.

Another person close to the company cautioned Mr. Yang shouldn't be solely blamed for Yahoo's "consensus-driven" and at times indecisive culture. But others note that Mr. Yang failed in his promise to break those habits.

Even as Wall Street exulted over Mr. Yang's decision to step down, the mood inside Yahoo, where morale has been low, was muted. Yahoo employees were hopeful that a new leader might turn the company around while still expressing affection for Mr. Yang, according to employees who declined to be named."

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