Yahoo for Yahoo!
Terry Semel is out and Jerry Yang is now CEO of Yahoo.
This is such incredibly good news for Yahoo, I can't express in words how strongly I feel this is a good move.
Let's be honest. The companies of the future are not big media companies that force feed content down user's throats. That was only true in an old world where 2-way communication could not economically exist. TV, Magazines, Books, they are all very compelling, but not as compelling as conversations. The biggest companies of the future connect users, they don't speak directly to them.
The biggest companies of the future also let other people make money off of them, they don't try to do everything themselves. They are ecosystems for other excited companies.
Ebay. Paypal. Google. Facebook... these companies all fit that bill. (yes, notice Myspace is not there.. I hope they are working on an app platform)...and now with Yang at the head, hopefully Yahoo will regain its rightful place as an innovator and a company to watch.
I have no doubt that with him at the top, and folks who "get it" like Bradley Horowitz involved in product development, Yahoo's future is bright. It's going to be a painful transition though, over the last 5 or 6 years Yahoo has gotten bloated with lots of "big company" types who think a certain way. Yahoo management is going to have to be VERY strong and adamant that the culture is changing, and if people don't like it, please leave. Heck, they should probably set up a career center to help those who don't fit in leave faster.
So in a nutshell, Yahoo for Yahoo! Change is good, and in this case, it's REALLY good (and needed).