Thursday, June 4, 2009
The Web Will Be the Death of Google
There is a famous story about a meeting between Yahoo and Microsoft which took place when Yahoo was still a small start-up.
There is a famous story about a meeting between Yahoo and Microsoft which took place when Yahoo was still a small start-up.
One thing about Jerry Yang that I always have admired is that he cares. He cares about his employees. He cares about his products. He cares about his shareholders. Most of all he cares about building a world-class company that can be great at what it does.
If you look at Yahoo singularly, it is a great company. For he and David Filo to build a company with more than 6B in sales and more than 25B in market cap is an astounding feat. Unfortunately for Yahoo, it has had to weather both the Internet bubble bursting and the emergence of Google as a force in search and online advertising.
When Marco Boerries and David Filo joined Jerry Yang on the stage of the Las Vegas Hilton Theater to show off new launches and upcoming concepts, the audience at their feet included most of Yahoo’s top management–among them Jeff Weiner, whom we last heard from here after he shook up the Yahoo Media Group. Weiner seemed a little taken aback by my comparison of Yang’s presentation with the one Terry Semel gave in 2006, particularly with how many elements of the strategy–for instance, Go, the three-screen approach to connecting–were still in place albeit evolving.
I hadn’t expected Terry Semel to step down on Monday. Less than a week before, after Yahoo’s annual meeting in Santa Clara, Calif., he approached me. He was quite affable, considering that we had had a pointed exchange during the earlier Q&A session and that I led a group of 100 shareholders owning 2 million [...]
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