♦ Attorney General Andrew Cuomo says Citigroup should follow Goldman's lead and forgo bonuses for senior execs. [NYP]
♦ Embattled Yahoo! CEO Jerry Yang has announced he will step down as soon as the board finds a replacement. [NYT, WSJ]
♦ Mark Cuban's attorney on the insider trading charges leveled against his…
In an attempt to boost morale at Yahoo, signs showing CEO Jerry Yang with cofounder David Filo went up around the Web giant's Sunnyvale campus recently. They had no measurable effect. News of Yang's resignation, pending a replacement, might do more to cheer up the troops. The signs have proved easily edited to…
Why is Yahoo looking for a new CEO? Because founder Jerry Yang, in his year and a half on the job, has proven himself incapable of meeting the company's many challenges. Here are five key moments where Yang failed to rise to the occasion:1. The all-too-sacred cows. When he first became CEO in July 2007, Yang promised…
How untidy was Jerry Yang's exit from the CEO seat at Yahoo? Here's a clue: Tech blog AllThingsD obtained a copy of Yang's all-hands memo before the PR team had sent it to the staff. It must be genuine, since, like the rest of Yang's memos, it completely lacks capitalization. The founders of Internet companies are too…
Yahoo founder Jerry Yang is stepping down as CEO, and a search is underway for a replacement after a tumultuous 18 months on the job. Which is curious. In a recent interview, Yang had just told AllThingsD's Kara Swisher, "In this uncertain environment, I think I am absolutely the right person" to lead Yahoo. He must…
Is Jerry Yang the Barack Obama of Yahoo? Most employees at the flailing Web giant associate their fearless leader with hopelessness, not hope. The person who created these fliers, featuring Yang and cofounder David Filo, is either a wickedly vicious satirist, or a hapless true believer. Can you suggest a better…
What's the only thing worse than another "Open Letter to Jerry Yang?" A freaking poem to Jerry Yang. Shakespeare was so much better at this, plus he didn't put his vanity site's URL in the final stanza.
When will Yahoo CEO Jerry Yang figure out that everyone wants him to leave? Matt Marshall at VentureBeat aired a rumor that a memo had gone out at 8 a.m. to Yahoo's workforce to expect some kind of "historic announcement" later today — a coded way of saying Yang was on his way out. Marshall wondered if it was true, or…
Yahoo has spent millions on consulting fees with Bain & Co. to come up with cost-cutting schemes — bold ones like hiking cafeteria prices. A tipster blames President Sue Decker and CFO Blake Jorgensen for upping his lunch bill by three bucks:
Halloween's on a Friday. With people already more worried about keeping their jobs than actually doing them, you might as well plan on writing the workday off. Trying to figure out a clever costume in which to pester your remaining coworkers? Valleywag has done the work for you. Print up one of these masks, designed…
How to wear it: Polo shirt, khakis, and a golf club. How to scare them: Go to Yahoo's Sunnyvale headquarters. Refuse to leave. Didn't find the right mask? Check out the rest of Valleywag's 5 scariest people for Halloween.
BoomTown reporter Kara Swisher rappelled from a skylight at Jerry Yang's secret hideout to score this draft copy of an ad, in which a bunch of tech bigwigs come out in favor of gay marriage — or at least in opposition to Proposition 8, a California state ballot initiative which would ban it. No Valley company in its…
Of all the people corporate raider Carl Icahn nominated for Yahoo's board, Mark Cuban, the loudmouthed Internet entrepreneur and Dallas Mavericks owner is the guy we wished had made it. If only for the boardroom theatrics with milquetoast Yahoo cofounder Jerry Yang. Take Cuban's latest comments to Bloomberg: "Jerry's…
Sarah Lacy works at Yahoo. Sort of. As the anchor of Yahoo Finance's Tech Ticker show, Lacy is a contractor, an employment status which already makes her a second-class citizen on the Yahoo campus. But Yahoo's ostracism of its Web-video star goes further. She's not listed in Yahoo's electronic directory, and her badge…
Google crossdresser-in-chief Sergey Brin got his company, after contentious internal debate, to express opposition to Proposition 8, a California ballot initiative which would ban the same-sex marriages rendered legal earlier this year by the state's Supreme Court. Now Apple, too, has expressed its corporate views,…
As mysterious to Yahoo CEO Jerry Yang as the location of his keyboard's shift key is the trick to communicating layoffs. Jerry, you should deliver them the way Steve Jobs unveils the latest Apple products: All at once, and tell the audience they can get them now. Instead, in his latest no-caps memo, Yang informs Yahoo…
Is Yahoo cutting 3,000 jobs? 3,500 jobs? 1,500 jobs? Fifteen percent of its operating budgets? We're going with "none of the above." What Yahoo management is really tackling are Yahoo's out-of-control salaries and titles. Yahoo, an insider tells us, has relatively narrow pay bands for specific job titles. That means…
Capital Research Global Investors now owns a 10.1 percent stake in Yahoo, according to a new SEC filing. Even Silicon Alley Insider is stumped as to why Capital Research chief Gordon Crawford, who fought to get rid of Yang last year, would be buying more YHOO. I go with Owen's theory: It's simple dollar cost averaging…
A tipster tells us Yahoo's upcoming layoffs could come in just a week. Among the people with their jobs on the line: CEO Jerry Yang. Sue Decker, Yahoo's scheming president, is hoping to oust him sooner rather than later, especially if pressure from Wall Street after Yahoo's surely dismal third-quarter earnings, set to…
