This is frustrating to watch. Yahoo is a terrific company with some amazing people. And they know how to execute. YUI / YDN / Boss / Flickr / Hadoop / etc.<p>But they lack any sort of strategy or vision. Wall Street has assigned $0 to the entire value of Yahoo! as a solitary business unit. They should have sold to MSFT but they didn't and now they need to move on.<p>What they need is to gut the top, promote from within and act like a startup again with a true leader who is willing to think long-term and galvanize the troops. The people at Yahoo! want leadership, and they want a strategy and they want to succeed. But until they get that from the top, they will continue to leave.<p>The only thing they have going for them in their favor is that they have lost so much value, that taking a gamble to restart the engine isn't that big of a gamble at all.
Yahoo is on life support.<p>Realize this. Kill it. Move on.<p>They should drop most of their employees and run the company on life support returning capital to shareholders as it dies. They've missed the boat to sell it and now the guys at the top know the writing is on the wall and are bailing before it tarnishes their careers.<p>No it's not going to be popular but what else can they do.
This doesn't really surprise me: Yahoo has no vision, its leader is a business wonk (rather than a product person) and they've given away any of their assets that had any value (ie their search market share to Bing).