Valleywag is reporting that Yahoo!’s Executive VP Jeff Weiner might be tapped to replace Terry Semel as CEO in line for the top role as Yahoo!’s “Audience” unit. I misread the Valleywag article entitled “Jeff Weiner to take top Yahoo! job” and thought Yahoo! was looking to choose Weiner as its CEO, which seemed surprising, given Yahoo!’s migration in choosing more old media folk for its most senior roles (can you tell I have a commentary piece coming up on this?).
Anyway, check out John Battelle’s interview with the man here.
Yahoo! is the largest - and oldest - holding in my portfolio (yeah, the meltdown last week erased my gains…), for how much longer, I don’t know. I’ve never met Mr. Weiner, and I have not made up my mind yet, but time is ticking, I am sure I don’t need to remind Weiner et al. of this little stat: but two years ago, Google and Yahoo! raked in the same amount of revenue, ’twas the day, and ’tis no longer the case:
“Except for one quarter in 2003, Google’s revenue lagged Yahoo’s. That changed after the first quarter of 2005, when Google posted $1.26 billion in revenue to Yahoo’s $1.17 billion. The gap has been growing ever since. Yahoo’s 2007 first-quarter revenue was $1.67 billion, less than half Google’s $3.66 billion. (…) Google’s share is rising at the expense of Yahoo and Microsoft. While Google’s share rose 6.1 percentage points last year, Yahoo’s fell 0.6 percentage points and Microsoft’s dropped 1.1 percentage point, ComScore numbers show.”
Graph below courtesy of Valleywag.
Will Weiner bring the Midas touch? Is it even a fait accompli, or is Valleywag jumping the gun.
Here’s what we outlined last week as some choices we’d like Yahoo! to consider, by the way.
Digg this Blog
Share on Facebook
WatchMojo on Twitter
WatchMojo on YouTube
Add to Favorites
WatchMojo Newsletter
PLAY
