Jerry Yang's Blunder - Worst Business Decision Ever? [View article]
What about the Circuit City CEO who asked for the average salary at each store and in a "cost cutting move" fired everyone making more than the store average. The result: all of the good sales people, loyal employees, and the ones with the most experience were laid off. This led to the Blockbuster no-deal and ultimately bankruptcy. As bad of a decision as Yang made, Yahoo will still exist.
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What about the Circuit City CEO who asked for the average salary at each store and in a "cost cutting move" fired everyone making more than the store average. The result: all of the good sales people, loyal employees, and the ones with the most experience were laid off. This led to the Blockbuster no-deal and ultimately bankruptcy. As bad of a decision as Yang made, Yahoo will still exist.
Nov 30 12:02 pm
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