Sunday, June 29, 2008

Yahoo! Collapse

The departures follow a number of others and come swiftly on the heels of the collapse of the Microsoft deal to buy Yahoo!, which coupled with these senior departures has rocked Wall Street's confidence in the firm under the leadership of CEO Jerry Yang.

Ross Sandler, an analyst with RBC Capital Markets, told the New York Times: "Wall Street has lost all confidence at this point. The senior managers have clearly lost confidence in the strategy and have lost confidence in Sue and Jerry, and that's not a good thing."

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