Domain Mondo | domainmondo.com: Corporate

2017-04-11

Tech Companies, Hackathons, & Future Stars (podcast)

Tech companies face a harsh reality, you're only as good as your latest product. The scramble to identify and lure the best talent has taken recruiters to unusual places. In the above podcast, Bloomberg Technology's Lizette Chapman visits a recent hackathon at Stanford, watching as high school and college students code through the night, and corporate representatives and investors watch, eying the kids who will become future stars.

See also: These Hackathon Hustlers Make Their Living From Corporate Coding Contests | Bloomberg.com (Apr 4, 2017).

#hackathon Tweets

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DISCLAIMER

2016-08-27

2016-01-08

Corporate Accountability: Yahoo!, Starboard Value, Activist Shareholder

UPDATE video above: Yahoo to Reconsider Sale of Web Business Instead of Spinoff - Bloomberg Business (8 Jan 2015)

"On Wednesday morning, activist shareholder Starboard Value expressed "extreme" frustration with the company's current leadership, suggesting that they may push for the ousters of both the current board of directors and CEO Marissa Mayer" - Yahoo plans new round of layoffs - San Jose Mercury News

A Look at Activist Behind Starboard's Letter to Yahoo - Activist investor Starboard Value LP is threatening a proxy fight and calling for a change in management at Yahoo Inc. Here's a look at Jeffrey Smith, the firm's leader. (Published on Jan 7, 2016 by WSJ.com)

Yahoo! one-year stock chart (NASDAQ:YHOO) (source: google.com)

When is the Yahoo! Board going to tell CEO Marissa Mayer "it's over" and tell her to leave?

Corporate Accountability: Starboard Value LP is a Yahoo! shareholder and has been engaged (along with other activist shareholders) in urging the Yahoo! Board and management to make changes:

Starboard Value Calls for Shake-Up at Yahoo and Shift in Strategy - New York Times: "A prominent hedge fund that has long criticized Yahoo's management, Starboard Value, on Wednesday called for changes to the web pioneer's board ..."
Starboard Value calls for shake-up at Yahoo - Financial Times
Yahoo investor Starboard Value raises pressure on chief executive Marissa Mayer - The Guardian
Starboard to Yahoo: Investors have lost confidence - CNBC

Starboard Value's Letters to Yahoo!

August 10, 2015: Starboard Value Delivers Letter to Yahoo! Inc. CEO (pdf)
November 19, 2015: Starboard Value Delivers Letter to Yahoo! Inc. Chairman and CEO (pdf)
January 6, 2016: Starboard Value Delivers Letter to Yahoo! Inc. Board of Directors (pdf)

Excerpt from January 6, 2016, letter:
"... Yahoo’s current management has had over three years to demonstrate progress towards improving the Core Business, but despite these efforts, the Core Business continues to be plagued with deteriorating financial performance and an accelerating number of executive leadership departures. Annual operating costs have ballooned, increasing by approximately $500 million despite revenue that has been declining. In addition, the Company has spent over $2.3 billion on acquisitions. Unfortunately, most of these investments have been misguided, poorly overseen, and, ultimately, shut down. Even with these massive investments, the trajectory is decidedly negative ... EBITDA continues to decline quarter-after-quarter while spending continues at an alarming pace ... The Board must accept that significant changes are desperately needed. This would include changes in management, changes in Board composition, and changes in strategy and execution ..." (emphasis added)

Domain Names:

yahoo.com
starboardvalue.com

See also on Domain Mondo:

See also:

Yahoo's troubled advertising business: "The company's ad business, which brought in $1.15 billion in the second quarter of 2015, is rife with ad fraud, multiple sources told CNBC."
Yahoo Hires McKinsey to Mull Reorg, as Mayer Demands Exec Pledge to Stay - Re/code: According to several people close to the situation, Yahoo has hired McKinsey & Co. to help the company decide which units to shutter, which to sell ...
Yahoo Talent Exodus Accelerates as Marissa Mayer's Turnaround Flounders - Re/code: The departures of a number of high-profile executives at Yahoo has accelerated in recent months, so much so that many inside the company are ...
Marissa Mayer's Convoluted Yahoo Strategy - Re/code: Last fall, in one of the stranger and more expensive efforts to boost company morale, Yahoo CEO Marissa Mayer decided that all her executive staff ...
Despite Wall Street Noise and Sale Rumors, Yahoo Board Backs - Re/code: As the old saying kind of goes, reports of the impending demise of CEO Marissa Mayer at Yahoo are greatly exaggerated. And so are rumors that the ...
Yet Another Top Yahoo Media Executive Departs - Re/code: Yahoo's Rob Barrett, who has most recently been its head of media strategy and operations, has left the company, according to multiple sources.
Yahoo Loses Ad Product Chief Prashant Fuloria - Re/code: Another major Yahoo exec is departing — SVP of advertising products Prashant Fuloria is exiting his job for parts unknown, according to an internal ...
Here's What's Really Happening at Yahoo - Re/code: If you want to know what's really going on at Yahoo this month, there's one person to ask: Kara Swisher has a comprehensive report about the ...

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DISCLAIMER

2017-04-11

Tech Companies, Hackathons, & Future Stars (podcast)

2016-08-27

Corporate Brand Images, How to Design a Logo (video)

2016-01-08

Corporate Accountability: Yahoo!, Starboard Value, Activist Shareholder

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