We’ve had two months to ruminate, speculate and analyze about who will take over as Yahoo chief executive after co-founder Jerry Yang who decided 18 months in the hotseat was enough for him.
Carol Bartz, former chief executive of Autodesk, was appointed CEO on Tuesday after her name had been floated ”on sources” a few days earlier in various reports.
Yahoo shares were flat on Wednesday morning and most Wall Street analysts viewed the appointment as a positive as it clears the way for Yahoo to do some sort of merger/outsourcing deal with Microsoft.
Bartz, a director at Cisco, also got a glowing endorsement from Cisco chief John Chambers, according to the New York Times:
“She’s the best player in the draft,” said John Chambers, the chief executive of Cisco Systems, where Ms. Bartz has served as a board member since 1996. Mr. Chambers said Ms. Bartz often challenged him on strategic decisions, like mergers and acquisitions, to make sure they had been thought through well. And Ms. Bartz is not afraid to speak her mind, he said.