Yahoo Employee emails Fortune to tell it like it is
July 1, 2008 – 6:40 amYahoo re-org: A view from the ranks (Fortune.com)
“Our new org chart shows absolutely no changes at the top. We can’t get our stock price anywhere near what Microsoft (MSFT) offered. The new reorg had one objective: personal power plays or internal politics. We lost a few executives after we announced the end of all discussions with Microsoft — a lack of confidence in our own prospects. We lose market share in search to Google (GOOG) every month and we lose market share in pageviews to social networks. As for the Google deal, nothing indicates a job well done better than outsourcing your own job to the competition. After all, it is not as if we had sold the entire search team to another company for a premium price…”