Yahoo hired a banker

    Investment banking business veteran Blake Jorgensen has been appointed Yahoo CFO. According to experts, such a staffing decision suggests that Yahoo is thinking more about buying other companies than merging with Microsoft.

    The fate of the former chief financial officer, Susan L. Decker, who has been in this position for seven years, is still unclear. She was seen as the most likely successor to the position of company president instead of Terry Semele. The departure of the latter is likely because Terry is finding it increasingly difficult to withstand pressure from the company's board of directors and shareholders due to poor financial results and Yahoo’s obvious strategic miscalculations .

    Since the end of last year, Mrs. Decker concurrently oversaw the most important department of Yahoo - the department of online advertising - and waited until the headhunters find a suitable financial director to replace her. This long-awaited event will happen on June 4, 2007.

    via New York Times

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