Yahoo’s new CEO Thompson will build a strong emphasis on innovation and new business
According to sources, on Thursday held the first staff meeting, Thompson said that Yahoo needs to develop a plan to invest the considerable resources of new services. Such services, though not to act on immediate financial results, but was able to reap huge gains in the future. Thompson also said that if Yahoo will all its resources into an existing business, you can not get rid of.
Some employees will be Thompson’s remark as the evaluation of the status quo on Yahoo, because the vast majority of the company’s resources are currently being used to improve existing services, including home, sports, news and entertainment content sites, and Yahoo Mail, Yahoo and online advertising services.
Paypal experience to teach and promote innovation
Informed sources said the 54-year-old Thompson told Yahoo employees: he had served as president of eBay’s electronic payment company Paypal 60% of resources to core business, 30% of the resources may need a year to be effective and innovative projects , in addition to 10% of the resources for some of the more risky, the project may take longer. But Thompson said he is not known Xiaoya Hu’s specific allocation of resources on the ratio.
Yahoo recently some of the new results can be seen as Thompson said the second project, including two iPad application – news reader application LiveStand and video-assisted application IntoNow.
Yahoo board wants Thompson to reverse the company’s online advertising business in the downturn, they fired in September last year, former CEO Carol Bartz • (Carol Bartz), and conducted a strategic assessment of the company, including private equity investment institutions to sell Yahoo shares other potential options. Thompson will also enter the Yahoo board of directors and is expected in Yahoo’s overall strategic initiatives play an important role.
Claiming to be loyal Yahoo users, distinguished Ma and Alibaba
In Thursday’s staff meeting, Thompson reiterated his conference call on Wednesday, Wall Street analysts have said, that he is a loyal Yahoo users.
Thompson also mentioned the Alibaba Group, Alibaba CEO Jack Ma, and to single-handedly built his business empire pay tribute to the electric and Paypal in China is difficult and that Alibaba’s similar services (ie, Alipay) competition. Yahoo’s Alibaba Group currently holds about 40% of the shares, the two sides are part of the shares on the strip to conduct negotiations.
Will build a strong large-scale, high-growth new business
Wednesday interview, Thompson refused to disclose their plans for the future of Yahoo, but said his focus would be “create opportunities to produce network effects”, or create the same value as Facebook or PayPal larger, more user The new network services. He said his goal is “in a relatively short period of time” to create a “truly large-scale, high-growth business.”
He also said Wednesday that he plans to recruit some of the new senior management, and use the Yahoo-owned resources, including cash, including acquisition. He said that Yahoo will create a new Web Services: “For we do not have service, we will find in the market … … so we will soon have.”
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