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Wednesday, Oct 4, 2023

Yahoo facing brain drain as execs exit

SAN FRANCISCO — Yahoo Inc. executives are headed for the door as the struggling Internet pioneer prepares for a major reorganization while fending off a contentious proxy fight that could cost co-founder Jerry Yang his job as chief executive. The brain drain accelerated as a potential buyout by Microsoft Corp. faded and resignation settled in that the Sunnyvale, Calif., company’s fortunes would be tied to new ad partner Google Inc. After recent high-level departures, executives Qi Lu and Vish Makhijani are also leaving, three people familiar with the situation said Thursday. For the full story visit http://www.latimes.com/business/la-fi-yahoo20-2008jun20,0,3290455.story

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