Silicon Alley Insider has provided a nice summary of Google’s moves to boost revenues and cut costs over the last few months. And no, if you noticed more ads on Google’s search pages, it’s no accident.
Here are eight ways in which Google is driving revenues, followed by two ways it is cutting costs…
Jerry Yang has stepped down from his role as chief executive of Yahoo. Announcing his resignation in a memo sent to Yahoo’s staff on Monday evening, Mr Yang said he would continue as acting CEO until the board appoints a successor.
Yang, a co-founder of Yahoo, has been CEO for the last year and a half after he took over from Terry Semel, a Hollywood studio boss that Yang had chosen for the job. Unfortunately, during this time, Yahoo has been marred by a declining share price, a botched merger with Microsoft, board room strife, and a decision to retrench 1,500 employees.
Yahoo has hired head hunters Heidrick & Struggles to help look for candidates. Upon appointing Jerry Yang’s successor, the outgoing CEO plans to remain actively involved at Yahoo as a key executive and member of the board.
Yahoo’s share price increased by over 4 percent in after-hours trading following the news, indicating that shareholders are pleased that Jerry will no longer be CEO.
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