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Marissa Mayer was named as the new CEO at Yahoo (YHOO). |
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Released on Monday, July 16, 2012, 6:45 PM ET
Pittsburgh, PA (SpeculatingStocks) - Yahoo (NASDAQ:YHOO) has taken some talent away from Google with the hiring of Marissa Mayer as their CEO. Over at Google (NASDAQ:GOOG) she had experience as their VP of Search Products and User Experience and most recently in charge of mapping, location and local services. These are all things that Yahoo needs and they've lost something on the user experience front in recent years.
Aside from Google, getting top talent picked away once again, this is a coup for Yahoo. Google seems to be a perennial winner overall each year despite some scattered product failures. The experience brought over by Marissa Mayer from GOOG to the top of YHOO will be invaluable.
Look for some major changes to occur over at Yahoo and for their stock to stop trading sideways and maybe in a few months start trending higher. The new CEO will have to win over a tough audience over at Yahoo due to a spade of CEOs in recent years.
However, the CEO has already set a 100-day action plan. The action plan includes having an "early win" most likely to increase morale and faith in her new leadership. Keep a very close eye on YHOO.
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