Yahoo's China Syndrome
OK, it can't have been an easy gig. But less than two months into his new stint as President of Yahoo (YHOO) China, Xie Wen has abandoned ship, apparently for "personal reasons." Could the executive malaise in Sunnyvale have spread East? (Recall that closer to home, there's been a steady flow of Veeps out the door, and growing supply of unsolicited turnaround theories popping up, like the Peanut Butter Manifesto.)
Could what one Valleywag reader describes as an " ayurvedic cleanse" in the Valley have made it to China? The reality is not likely so simple. As Reuters reports, "Yahoo China was absorbed by Alibaba last year when Yahoo...bought a 40 percent stake in Alibaba for $1 billion." So the person with the hands on the wheel in China is Alibaba founder Jack Ma, and he's not likely to be overly distracted by the Peanut Butter set in Silicon Valley. That said, word is that Xie Wen's "personal reasons" may relate to his differences of opinion with Ma over Yahoo China's strategy. Reports China Tech News: "Chinese online bulletin boards are filled with rumors that he fled the company because of different ideas about the company's development." "When it rains, it pours." Isn't that a Chinese proverb? This article is horrbile
The article struggles to make a clear concise point. I dont think its completely horrible but it sure seems to be wanting.
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LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer.
Morningstar: © 2012 Morningstar, Inc. All Rights Reserved. Disclaimer
The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2012 is proprietary to Dow Jones & Company, Inc.
Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved.
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