Yahoo! Shuffles Management: Good for Company?
Yahoo! announces a reorganization of its structure and management that pegs CFO Susan Decker as the heir apparent to CEO Terry Semel. The move comes as rumors swirl around the fate of Semel himself.
The changes at Yahoo include the departures of some key execs--including Chief Operating officer Dan Rosenweig-who will leave in March. Former TV Executive LLoyd Braun--who heads Yahoo's media and entertainment group is also leaving. The question remains--is this shuffle good for the company?
Scott Kessler is Internet Software and Services Equity Analyst at Standard and Poor's. He said on "Squawk Box" that this is a positive first step for Yahoo. He says that the company has a "deep bench" of talent and can easily fill the roles that are open. Kessler also said that Yahoo is trying to simplify its priorities and that in the long run--this could work out to the company's benefit.
Kessler gives Yahoo a negative stock rating right now--but it could have an upside down the road if these changes work out.