Even when Steve Jobs was sitting on 50 billion dollars he did not give any of that back to shareholders. Why would Marissa Mayer part ways with seven billion dollars?
Marissa Mayer, who looks to be clearing the decks in preparation for significant changes to Yahoo strategy .... looks for acquisitions .... Judiciously spent, $7 billion might be the ticket to help the once-proud Internet giant regain some of its former glory
With this seven billion Mayer should be able to grow Yahoo's market value by 20 billion over three years. But if she spends more than a billion on acquisitions I'd get suspicious.
Marissa Mayer, so far so good. As for Katie Stanton, first time I am hearing the name. There is this line in the movie Heat: "First time we are seeing him."
The solution is to give Europe a political union that matches the monetary union. The continent is going through hard times. But it is not like breaking up the Euro is an easy solution. You could break the Euro and all the problems would still be there. The loans would not vanish.
it is looking ever more likely .... A chaotic disintegration would be a calamity ..... For the moment, breaking up the euro would be more expensive than trying to hold it together. But if Europe just keeps on arguing, that calculation will change. ..... Begin with Greece. There is a common fallacy, not least in Germany, that dropping the Greeks would be a fairly costless way to teach a useful lesson. In fact the European Central Bank (ECB) owns Greek bonds with a face value of €40 billion ($50 billion), which would be converted into devalued drachma and which Greece might not service. A further €130 billion or so of loans that Greece has received in the bail-out would have to be written down, or written off. The €100 billion of the temporary debts Greece has stacked up in the ECB’s payments system would crystallise into a loss. Add in a one-off grant of say €50 billion to tide Greece over—call it conscience-salving “solidarity”—and the bill might come to €320 billion. Estimating the price of a “Grexit” is guesswork, but Germany’s share might reach €110 billion of this, about 4% of the country’s GDP. ...... Ireland, Portugal, Cyprus and Spain also all owe investors abroad a net sum of 80-100% of GDP (the gross debt is much larger). ...... With the single market in peril and depression looming, Mrs Merkel would come under huge pressure to pay whatever it takes to save the rest of the euro zone. She would have no time to negotiate the pan-European federal discipline that she has always demanded as the price for German aid. A rescue would be a blank cheque. .... A bolder Plan B would amputate well above the site of infection, cutting off Spain, Ireland, Portugal and Cyprus too. Italy, which has net foreign debt of just 21% of GDP, would probably escape the chop: even with its heavy debts and chronic lack of competitiveness, Mrs Merkel would reckon that the euro zone could not function politically without it. ..... When you add up the ECB’s holdings of their bonds, the temporary debts in its payments system, written-off rescue loans, and a care package to soften the blow of being chucked out, the total for Spain, Ireland, Portugal, Cyprus and Greece comes to perhaps €1.15 trillion. Germany would also have to put money into its own banks, hit by losses in the five departing countries. Altogether, this might cost Germany getting on for €500 billion, or 20% of GDP. ..... the euro zone’s members should use their combined strength to create a banking union and to mutualise a chunk of the outstanding debt (as well as introduce policies to temper austerity and promote growth). ..... This more federal Europe would also involve costs. Recapitalising banks and financing a euro-wide deposit-guarantee scheme might cost €300 billion-400 billion, perhaps a third of it paid for by Germany. But this would be a one-off and might be reclaimed from the banks. Mutualising a slug of debt would lift Germany’s interest costs by €15 billion or so a year. The numbers are rough, but, even allowing for some extra loans to the south, rescue would be cheaper than break-up. And that is before you factor in the enormous political costs of disintegration, with, say, Greece departing into a new Balkan hell. ..... had the politicians agreed on who should pay what or on how much sovereignty to surrender. ...... Southern Europe’s economic rot is deepening and spreading north. Politics is turning rancid as the south succumbs to austerity fatigue and the north to rescue fatigue .... breaking up the euro would be riskier than fixing it. ... the choice will be between an expensive break-up sooner and a really ruinous one later.
Europe going down the tube like this was not my idea of an Asian century.
I have been going through this list of NYC tech companies (Made In NYC) and if there is one pattern there it is that these tech companies take great pride in not having a phone number to call.
I am not sure that is a good thing.
Silent SpringSilent Spring is a book written by Rachel Carson and published by Houghton Mifflin on September 27, 1962. The book is widely credited with helping launch the environmental movement. .... Silent Spring facilitated the ban of the pesticide DDT in 1972 in the United States. ..... Silent Spring has been featured in many lists of the best nonfiction books of the twentieth century. ... Most recently, Silent Spring was named one of the 25 greatest science books of all time by the editors of Discover Magazine.
There are so many options to blog. There are so few options to podcast. I know of no easy one.
Things are too silent on the web. Voice's time will come. I see an opening.
The Google comparisons are irresistible to most, but I think she is just instilling best practices, several of which she learned at Google.
Yahoo still has more revenue than Facebook. A lot of people don't know that. It continues to be one of the top visited sites on the Internet. A lot of people never left.
Product comes first. .... how to reverse the declining usage of the company's search and email service ..... wants to rewire Yahoo to develop or acquire Web services that take advantage of new "platforms" such as social networking, mobile devices, and technology that gives people information about their immediate surroundings, including local businesses. ..... ordered Yahoo's stock ticker removed from the home page of the company's internal website ..... she won't announce a strategic plan before she finishes reviewing Yahoo's businesses ..... Yahoo's $5 billion in annual revenue. ..... Yahoo's share price is up 2.7% since Ms. Mayer's appointment was announced .... Yahoo's board promised her she will have years to repair the company's core advertising business ..... Much of Yahoo's $20 billion market capitalization is tied to its investments in Asian Internet companies. ..... she wants to revamp the Yahoo Web-search service .... While email and search have struggled, Yahoo's media properties, such as Yahoo Sports, OMG! and Yahoo Finance, are growing. .... Mayer recently halted a plan by Mr. Levinsohn to potentially unload some of its advertising-technology assets ..... she is working to establish a connection with Yahoo's programmers by engaging in regular email discussions with software engineers who don't report to her .... She has asked to approve all company hires ..... has declared that Yahoo's cafeteria food would be free .... has instituted weekly "FYI" meetings—similar to Google's "TGIF" meetings ..... where people can ask her questions and where new hires are announced
I am immensely curious as to what she might do with Yahoo Search. I mean, search is kind of a central activity on the web. And Mayer taking Google head on will be some drama.
