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Yahoo's CFO, Blake Jorgensen is set to leave the company, only 6 weeks after Carol Bartz became the new CEO. His departure marks more challenges for the struggling company.  (Source: Yahoo)
Another high profile executive jumps ship from Yahoo

Yahoo is in the process of reorganizing and trying once more to reinvigorate its core advertising, search, and services businesses.  However, challenges for the company remain as it continues to trail Google in market share.

This week it was revealed that Yahoo Inc. Chief Financial Officer Blake Jorgensen will be leaving the company.  Mr. Jorgensen will be just the latest in a string of high profile departures, starting with former CEO and Yahoo cofounder Jerry Yang's departure and the takeover of Carol Bartz as CEO six weeks ago.

Yahoo is currently in the hunt for a new CFO.  In the meantime, Mr. Jorgensen will stay onboard to aid in the transition.  The move was discovered in U.S. Securities and Exchange Commission filings.

Mr. Jorgensen attended Stanford University and received his M.B.A. from Harvard University in 1988.  He then worked in the finance industry for many years, working as Co-Director of Investment Banking at Thomas Weisel Partners from 2002 to 2007.  Mr. Jorgensen joined Yahoo in 2007, and has been in charge of the company's finances ever since.

Mr. Jorgensen announced last Wednesday that Yahoo was open to selling just its search business.  This was precisely what Microsoft wanted to buy last year.   However, those times have come and gone and with Microsoft dealing with its own challenges, Yahoo now seems without any who particularly desires it -- in pieces or as a whole.



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when the rats are jumping ship...
By inperfectdarkness on 3/4/2009 9:30:34 AM , Rating: 5
...it means the boat is sinking.




By Motoman on 3/4/2009 11:31:05 AM , Rating: 3
...this ship effectively became a submarine a very long time ago...and the rats apparently have just realized that they have no gills.


RE: when the rats are jumping ship...
By TSS on 3/4/2009 12:49:49 PM , Rating: 2
Well that was pretty obvious after Jerry Yang's torpedo on the Microsoft deal.

I don't often call people stupid, as that term is completly relative. But Jerry made a very stupid call.


By bankerdude on 3/4/2009 3:19:01 PM , Rating: 2
Name: Bankerdude
Objective: Make lots of money.
Oh, and not make sucky decisions that cripple my company and ruin the stock price.
Experience: I currently know how to read and do have a shred of common sense.
Education: B.S. in B.S., Top of the class. Should fit in well.
Strengths: See experience.
References: John Thain, Vikram Pandit, Ken Lewis, Rick Wagoner
Short Term Goals: Try to somehow stifle the sucking sound that is Yahoo's share price plummeting toward oblivion.
Long Term Goals: Kiss up to Ballmer until he finally relents and offers to buy the company for a tenth of the original deal's price.




By on 3/6/2009 10:14:59 AM , Rating: 2
uh, that was just dumb, dude


Slowly...
By roostitup on 3/4/2009 12:03:52 PM , Rating: 2
The company goes downhill. I'll miss hearing YAAAHOOOooOO, nope. Maybe they should just change their name to Wahoo, because that is what all the stockholders do into their pillows every night before they goto sleep.




"The Space Elevator will be built about 50 years after everyone stops laughing" -- Sir Arthur C. Clarke














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