“Yahoo, according to Ms. Bartz, simply feeds search results for people who have grown curious while reading one of its news stories or watching a video. It doesn’t generally pop into peoples’ minds as the first place to go look for answers during the course of their day-to-day activities.”
How is that possibly the case? On so many levels I would argue the validity of this claim:
“The biggest thing for Yahoo is increasing the number of pages people consume and slapping as many display ads as possible across those pages. “My fortunes are tied to my pages,” Ms. Bartz said.”
This is nonsenscial. I have an ad network. We are interested in content pages to serve advertising. Yahoo is a software technology company…er…it WAS a software technology company. How sad for Yahoo to have a such a short sighted myopic CEO.
“According to Ms. Bartz, the majority of Yahoo’s sites will go the way of Sports. In particular, Yahoo will throw investments behind its entertainment, finance and news operations. Ms. Bartz noted that there are plenty of unemployed journalists out there to pick up.”
Well Carol. Hey Carol. Umm Carol….those journalists are unemployed because the notion of traditional journalism and simply serving up that content and selling ads is not the same as it used to be. They are unemployed because many companies in this space are unprofitable.
Excuse me while I go bang my head against a brick wall.
“In addition, Ms. Bartz will remember that Terry Semel, a longtime Warner Brothers executive, was brought in before to turn Yahoo into more of a media company. Mr. Semel’s tenure was perhaps characterized more for losing to Google than anything else.”
Clearly Carol doesn’t believe the notion that if we are not aware of our history we are doomed to repeat the mistakes of the past. I think we can revise this though at this point, Yahoo isn’t in the “losing” position any longer. It has lost. Full Stop.
“Ms. Bartz has decided to correct past mistakes by getting all of the employees on the same page and presenting a more consistent look across Yahoo’s sites. In addition, she’s trying to boost morale and get the energy of the company up again –- a task hurt by the hit Yahoo’s shares took after the Microsoft deal was announced.
“I felt bad for the employees because they think it’s a report card,” Ms. Bartz said.”
Honestly, this woman is a CEO? Of any company? Your share price is a report card of sorts, it’s the market responding to the strategic decisions being made. Clearly this is perceived as being a bad decision. Which it is. It’s a horrible decision.
In fact it’s a series of horrible decisions, capped off by myopic thinking and topped off with a healthy dose of delusion.
Way to go Carol!
Update – Just ran into a fantastic quote from the New York Times Bits Blog:
I’ve got to wonder how much running a sales force that peddles expensive software to engineers and designers has to do with running a free Web site that attracts users through branding and products and makes money through advertising.
A human being spinning around on this big blue marble with the rest of you, interested in Media // Music // Art // Family // Business // Founder of http://hny.pt
Is your brand communication strategy back asswards?
Nick Bilton: I don’t feel sorry for business paying to promote.
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