Wall Street Not Impressed With Bartz as Next Yahoo CEO 3 comments
January 13, 2009
| about: YHOO
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Moments after news got out that Yahoo’s next CEO will be Carol Bartz, the stock started dropping like a rock. It is down more than 2 percent. Her selection is not inspiring confidence on Wall Street, where investors are scratching their heads as much as tech pundits in Silicon Valley.
Who is this woman [see previous post], and how is she going to turn Yahoo around?
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She does NOT have the strength to run this company without the key knowledge of the industry and if she's looking to the Three Amigos (Yang, Decker, Filo) for guidance...well look where Yahoo is trading at now and remember that they and the lame duck Board are why they are trading where they are.
I'd wake up tomorrow, call my broker and dump this stock but quick!
Michael Murdock, CEO