posted on March 22, 2001 12:49:58 PM new
An excerpt from the article:
Now we need to reconsider another company that has assumed a keystone role in the New Economy: Yahoo. A company that once seemed invincible is struggling along like your average dot-com: plunging stock prices, poor earnings, management shakeouts—and the latest numbers show that Yahoo now trails Microsoft as well as AOL in visitors.
Yahoo! management clearly spent too much time counting their stock options over the past several years, as the stock was riding high. When the stock crashed over the past year and their remaining stock options became worthless, several of them quit.
Yahoo!'s management, I don't believe, is up to the task of turning the company around.
