What Utterly Predictable Complaints
Investors in Yahoo! (YHOO), and most of the company's sell-side analysts, have given a collective thumbs-down to the hiring of Scott Thompson as the company's next CEO. There's been a chorus of complaints about his weaknesses, which include:He's not a media guy. He's not an advertising guy. He doesn't have any CEO experience. He doesn't have any turnaround experience. He indicated that he's going to invest in growth (i.e., try to raise revenues).
Jefferies' Youssef Squali downgraded Yahoo! this morning, saying the attempt to grow the company under Thompson promises to be "a long, costly and risky endeavor" and Thompson has "no turnaround experience." Does that mean Squali would have preferred the company to shrink because it's less costly, short in duration and not risky?...662 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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