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Yahoo COO Executive Dan Rosensweig Resigned

Yahoo’s chief operating officer and the head of its entertainment group are leaving as part of hastily engineered reorganization at the company, which has lost share this year in the search market. Is Yahoo’s leadership and identity crisis sparked by Google? And will a reorganization be enough? Dan clearly isn’t ready to talk about his future plan–he will have fistfuls of compelling offers–or delve into the back stories of Yahoo’s reorganization and recent troubles.

Lately Yahoo has seen an exodus of senior executives and the pubic airing of an internal memo, dubbed the Peanut Butter Manifesto, which suggested that Yahoo needs a more cohesive vision, clarity of ownership and accountability and decisiveness. The author of the memo, Yahoo senior vice president Brad Garlinghouse, also said that Yahoo needs sell of non-core businesses and lay off 15 to 20 percent of staff. Dan said the leaked memo had nothing to do with the reorganization, which Semel also claimed in a blog post on Yahoo.

Read more about Dan Rosensweig

What Is Peanut Butter Manifesto?

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