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A comment on Yahoo to cut 15 percent jobs, close several units. Parent comment

Re:Yahoo to cut 15 percent jobs, close several units by WalterBright on Monday February 01, 2016 @11:19PM (#11017615)
"Apple Was 90 Days From Going Bankrupt"

  -- http://thenextweb.com/apple/2010/06/02/steve-jobs-90-days/#gref
"At an executive Session of the board in June, with Amelio out of the room, Woolard described to current directors how he calculated their odds. "If we stay with Gil as CEO, think there's only 10% chance we will avoid bankruptcy," he said. "If we fire him and convince Steve to come take over, we have 60% chance of surviving. If we fire Gil, don't get Steve back, and have to search for new CEO, then we have a 40% chance of surviving. "The board gave him authority to ask Jobs to return."

  -- "Steve Jobs", Isaacson, pg 314
> What no one here or anywhere else seems to have an answer for is "What is Yahoo's core business".

That's probably indicative that we are not CEO material :-)

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Re:Yahoo to cut 15 percent jobs, close several units by nikdaheratik on Tuesday February 02, 2016 @12:12AM (#11017722)
He was being a little hyperbolic there. Which is one of Steve Jobs' tendencies. They had "90 days of working capital" left, but it was still $1.2B and they had annual revenues of $7B in 1997 and pretty much no debt. They had to replace the CEO to restore investor confidence, and Jobs was clearly the best choice, but they could have found a different CEO and muddled through.

It was the worst state the company had been in, but the losses had stopped even before Jobs took over. Not to understate Jobs accomplishments. Just saying a competent CEO could turn Apple from a doghouse company to a profitable company. It took a genius CEO takes a company from the the doghouse to the most valuable in the world.

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