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Mick Weinstein
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Mick was editor-in-chief and VP of Content at Seeking Alpha from November 2005 to April 2010. He's now the head of content at Covestor. Contact him by emailing mbweinstein (at) gmail.com or follow him on Twitter (http://twitter.com/mickwe) or on his Tumblog (mickw.com).
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  • Yahoo CEO Bartz drops the f-bomb in discussing YHOO product development 2 comments
    Apr 22, 2009 12:38 AM | about stocks: YHOO

    From the very end of last night's Q1 2009 Yahoo conference call with analysts:

    Carol Bartz

    As far as the investment of the global platforms, you know the real important issue frankly, well there are a couple of important issues but of our reorg was to get engineering focus and it was sort of scattered to the wind, I’m not talking about an engineering center in Bangalore or whatever. I’m talking about engineers almost in every country. So a lot of what….and way too many product people. So when I say product people we sort of had a one product management person for every three engineers. So we had a lot of people running around telling engineers what to do but nobody is fucking doing anything. So, excuse me. I knew that would slip out one of these times.

    So, the point of the matter, first we are getting all the engineers on the same page. We are getting rid of a lot of those product people that you know whatever. And, sizing engine by engine, how close are we…and by the way to understand this, while we are re-engineering let’s say the sports engine to be global we have to keep the sports platforms around the world running so we have kind of an overlap issue here. So therefore it just made sense to us because we have to get going on this to do this cost cutting so we can grab the right people, hire better engineers…not better, but I mean more engineers. We have good engineers but hire more of them and get them focused on the right stuff. So we are not going to give you an exact investment. I’m just going to tell you it is probably the most important thing that Yahoo! is going to do to really become a big, strong, growing international company.

    Thank you.

    Jake Jorgensen

    Thank you everyone.

    Themes: internet, internet content Stocks: YHOO
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Comments (3)
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  • It is quite astonishing the man had actually said that, but on the other hand it's a bit like "The Emperor's New Clothes" story - the king's been naked for a while now and it has become a bit ridiculous to keep ignoring it.
    Having that said, kudos for the courage, Carol Bartz. Many companies (IMHO) grow too large for their own good and tend to get sucked into bureaucratic swamps - admitting that, is a big step towards recovery.
    22 Apr 2009, 10:35 AM Reply Like
  • Nice to see a human CEO who is passionate abouit what she is doing.
    28 Apr 2009, 01:06 AM Reply Like
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