I have a personal policy of not investing in companies in the tech industry (I own some Microsoft stock, but that’s just cause I’m too lazy to sell it) but if I did I’d be buying some Yahoo tonight.
I met several employees, including Jeff Weiner, executive vice president, and they were more upbeat about the company’s prospects than I’ve seen from Yahooians in years.
Now, you might say that’s their job, but I’ve been around the block a few times and I think it’s all due to one thing: Jerry Yang is back.
In fact, a few of them whispered that big things are getting done and that it’s nice to have a founder who’s a CEO again.
Let me translate that to what they wouldn’t say: the place was run by consensus before and now has a guy who can get s**t done back in charge.
It might not translate into anything that Wall Street will like this quarter or next, but I like the new attitude. Will it translate into products and services we all like? Or an advertising platform that makes tons of money and has advertisers happy?
That we’ll keep a watch on for.
And, yes, I know they didn’t report very spectacular earnings today. But we expected that, didn’t we? After all, a CEO doesn’t leave if the trains are all running on time.
Larry Dignan, over on ZDNet, has a report about how Jerry Yang is promising a strategic plan in the next 100 days.