preview.tinyurl.com/4yha2xp -> www.itworld.com/software/204139/now-would-be-excellent-time-yahoo-employees-jump-ship
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com%2Fsoftware%2F204139%2Fnow-would-be-exce llent-time-yahoo-employees-jump-ship&send=false&layout=button_count&wid th=90&show_faces=true&action=like&colorscheme=light&font=arial&height=2 1 September 16, 2011, 1:12 PM -- You're a Yahoo employee, and a well-regarded one. Maybe a mid- or high-level executive, pulling down a decent salary. You've suffered and survived through the Carol Bartz era. Maybe you liked her "refreshing candor," maybe you didn't. Either way, you recognize that Bartz wasn't able to kick-start Yahoo's revenue growth and that the company lacked -- and still lacks -- a coherent vision and strategy. Yet Yahoo 1) is still profitable, 2) is still one of the web's most popular destinations, and 3) still has formidable assets that, in the right hands, could allow the Internet pioneer to recapture its past glory (and maybe make those underwater stock options you hold actually worth something).
"potential bidders" expressing interest in all or parts of Yahoo, you should be hopeful, sit tight, and wait to see what happens, right? None of them are interested in building a business, maximizing your potential or rewarding you for your loyalty, hard work and brilliant ideas. They intend to make money by hacking expenses (much like Bartz), which means massive layoffs. These will come after some suits walk into your headquarters and offer insincere assurances about their glorious plans for the company (or whatever part of it they buy) and job security. They might just tell you to keep your head down and continue doing your job until further notice. And this is what's going to happen with Yahoo, no matter who buys it or its various parts.
former executives at Skype can tell you a little bit about how that goes. And if you're one of the "lucky" employees that escapes a pink slip? Now, let's say no one steps up to buy Yahoo or the part of the business in which you work. Leave anyway, because your board of directors is incompetent. So let's review the three possible options: 1) You put your fate in the hands of heartless chop-shop executives. Drop a line to any of the many former Yahoo employees who wised up and left in recent years and ask if they regret their decision.
Follow Chris on Google+ Chris Nerney writes about the business side of technology market strategies and trends, legal issues, leadership changes, mergers, venture capital, IPOs and technology stocks.
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