Wednesday, April 18, 2012
CEO Scott Thompson To Cut 50 Properties: ?Yahoo Has Been Doing Way Too Much?
CEO Scott Thompson outlined a vision today of how Yahoo can start growing as a company again. His big theme: Focus, focus, focus. "Yahoo has been doing way too much for too long and was only doing a few things really well," Thompson said. He was speaking on the conference call covering the earnings report covering his first full quarter as CEO, where revenue was flat while earnings went up. Thompson has already been making some big changes, with big layoffs and a major reorganization, but he said he isn't satisfied with the results so far.