Yang: No decisions made on Microsoft bid; Tells troops to stay focused

Yang: No decisions made on Microsoft bid; Tells troops to stay focused

Summary: Yahoo CEO Jerry Yang has sent another email to the troops and noted that "no decisions have been made about Microsoft’s proposal."Other than that Yang's mission with his missive was keeping Yahoo focused while managing morale as the company searches for a white knight or works Microsoft to up its $44.

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Yahoo CEO Jerry Yang has sent another email to the troops and noted that "no decisions have been made about Microsoft’s proposal."

Other than that Yang's mission with his missive was keeping Yahoo focused while managing morale as the company searches for a white knight or works Microsoft to up its $44.6 billion bid. Yang's ability to keep his troops focused is critical. If Microsoft does acquire Yahoo (blog focus) Yang will need to help his employees for the transition. If Yahoo stays independent it needs to keep its early turnaround going. Here's the text disclosed in an SEC filing Wednesday.

Subject: Building on our strengths

yahoos —first off, I want to thank you for the great job you’re doing staying focused on executing our priorities. there’s obviously been a lot of talk about yahoo! in recent days and we won’t let it distract us from pursuing our transformation strategy.

roy and I have communicated about the thorough review process our board is going through right now. the board is focused on maximizing the value of yahoo!’s tremendous assets for our shareholders. and it is going to take the time it needs to do it right.

as we’ve said, no decisions have been made about microsoft’s proposal. our board is thoughtfully evaluating a wide range of potential strategic alternatives in what is a complex and evolving landscape. and we’ve hired top advisors to assist through the process.

what’s become clear in the past few days is how much people care about this company. we’ve seen a strong show of support from our users, advertisers, and publishers, reminding us how much they love our products and services. and i’ve heard from many of you — and from other friends and colleagues from around silicon valley and across the globe — that we need to do what’s best for yahoo! and our shareholders. i promise you that the board is going to do that.

the microsoft interest highlights the tremendous strength of the yahoo! brand and assets: our half billion users around the world, our leading products and services, our open ad network, our technology, and most of all, our amazingly talented people.

we have a lot to be excited about and there’s more good news to come. yesterday we announced a digital music partnership with rhapsody and our acquisition of foxytunes, maker of the popular music toolbar plugin. today we launched zimbra 5.0, a next generation e-mail and collaboration suite that’s a great milestone in our open platform and starting point strategies. and stay tuned for exciting announcements next week at the mobile world congress.

as we look to build on the progress we’ve been making, i want to make sure you all realize how essential you are to yahoo!’s success. as this process moves forward, we’re going to keep you informed. your hard work and strong commitment are more important now than ever before. jerry

Topics: Legal, Banking, CXO, Enterprise Software, Microsoft, Social Enterprise

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17 comments
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  • Pretty smart move. No matter how much he might hate MS, he knows that he

    has to do what is right for shareholders, though that may not be best for employees. Well, really, the employees do not have to worry, they can move over to Google and other companies if/when that is necessary.

    But, I really doubt that Yang will be around for the transition after the merger - he will be out doing a new startup, or could even land at Google. He would make a great addition to the management team at Google.
    DonnieBoy
    • Buwahahahaha

      THe employees are thrilled that Yang won't be laying them off. ANd your right, I DO hope he goes to Google. THey could always use another loser.
      No_Ax_to_Grind
      • If MS takes over, theer will be even more layoffs. There will be acounting,

        human resource management, financing, etc, that will be redundant and eventually laid off. The current layoffs will proceed as planned, as it is not certain that MS will in the end acquire Yahoo, and in any case, it could be on the order of years before it closes. Remember People Soft??? So, Yahoo will continue as an independent company, and plan for their future, as an independent company, until the deal actually goes through.

        And, it is say 99% sure that this deal will eventually go through, as it appears that MS has the resolve, and we KNOW that they have the money, and we pretty much know that nobody will be able to match MS on bidding, and we pretty much know that it will be approved on antitrust grounds though there will be at least a little fight.
        DonnieBoy
        • That remains to be seen.

          Maybe they will lay off, or maybe they will put everyone to work intigrating MSN and Yahoo. You (or I) are not in any position to even venture a guess.

          What we do know for certain that if Yang has his way, these people are out of a job.
          No_Ax_to_Grind
          • It is pretty simple, when you do a merger, you do not need the reduntant

            departments. Pretty simple. The people in finances would not be much help re-writing BSD software to run on Windows.

            And, Yang might like to put the employees first, but, he has to look after the stock holders first and foremost. If Microsoft offers enough money, he has to accept it, no matter how bad that will be Yahoo employees in general.
            DonnieBoy
    • What a laugh! Who says he hates Microsoft?

      I would imagine that he hates Google more then anything else as they are using their near monopoly dominant position to put Yahoo out of business, not Microsoft, but just ignore that fact as you do most.

      Yang has to do what is best for Yahoo and it's employees as google won't be hiring many (if any) Yahoo employees. (Even Google can not afford "make work" positions)

      Microsoft would LOVE for Google to have him as he has shown just how poorly he can run Yahoo, I'm sure they would like him to drag Google down, too.

      Plus, add to that the key people who have left in the past six months like:

      Kevin Fox (Gmail, Google Calendar and Google Reader)
      Adam Bosworth (VP Google)
      Gokul Rajaram (Creator of AdSense)
      Isabel Aguilera, (CEO of Google's Spain & Portugal operations)
      Bret Taylor (Google Maps)
      Brett Schell (Sketchup)

      (Just to name a few) would indicate that not everyone wants to work for Google, so Yang may be one of those people that dose not want to work for google.
      GuidingLight
  • Did htis go to the 1000 od so employees being laid off?

    Yeah, I bet they really bought into it. NOT!!!
    No_Ax_to_Grind
    • No need for you to make fun of the Yahoo employees being laid off. Nobody

      likes to do layoffs, but it is sometimes necessary when revenues are not there. You can bet that Yahoo is handling this the best way possible and giving all due respect to those that will be laid off.
      DonnieBoy
      • Yang

        Ok,There was a time I had no activity. But my budies recommended me http://wishjob.com. You will not think it, I searhed there and found the thing I wanted. Now I think what can this be. That happened to be similar to fantastic. Who has the same?
        joankelly55
  • RE: Yang%3A+No+decisions+made+on+Microsoft+bid%3B+Tells+troops+to+stay+focused

    How can someone be taken seriously in the business world, if he can't even use proper English when he writes something? Or is it "cool" not to use CAPITAL letters these days?

    My wife's 3rd graders have better english skills!

    He looks like an idiot to those of us old enough to remember what English class was all about.
    ths40
    • come on man, that is his style. it is a lot better than those that write

      with all caps. can't you find something significant to complain about????
      DonnieBoy
  • Last months email, Your Laid Off. This months

    email, "Work hard and keep your should to the wheel".

    Yeah, riiiiiight...
    No_Ax_to_Grind
    • Again, Yahoo will handle the layoffs with the highest level of respect. You

      do not need to be making fun of the situation. Microsoft will likely lay off more.
      DonnieBoy
      • Respect? How do you buy food with it?

        Pffttt....
        No_Ax_to_Grind
  • they better clean this up quick, or yahoo will be a skeleton

    When there is uncertainty over the future of a corporation, people jump ship. usually the best ones go first.
    So they'd better get some certainty here fast.
    stevey_d
    • Yes, that is a problem for Yahoo, many employees may leave in advance of

      MS buying Yahoo. There are tons that do not want to work for Microsoft. Hopefully, most will stick around and work their buts off to make sure that MS pays a premium, and quit ONLY after MS has signed on the dotted line.
      DonnieBoy
    • Rats jumping

      The rats are jumping all right!

      http://blogs.zdnet.com/microsoft/?p=1158

      http://blogs.zdnet.com/microsoft/?p=1115

      http://blogs.zdnet.com/microsoft/?p=1110

      http://blogs.zdnet.com/microsoft/?p=1104
      SpikeyMike