corporate

Yahoo and Yang are (were?) in big trouble

Note: I wrote this on Thursday before Microsoft's latest bid for Yahoo; it's a follow-up to a post I wrote six months ago. I have two comments on Microsoft's offer: 1) It's aggressive and it's a sweetheart deal for Yahoo's shareholders; I think Yahoo's board will accept it; and 2) nevertheless, the issues I present are the same; it just becomes Microsoft's problem.

It's been seven months or so since Yahoo chief and co-founder Jerry Yang replaced Terry Semel at the helm of the ailing internet giant. At the time, I pondered the obvious question: Can Yang fix Yahoo?

For the record, I thought the board acted rashly in appointing Yang--a relatively inexperienced executive--to perform what would clearly be a challenging turnaround. I didn't think he had the experience to pull it off.

At the time, I thought that Yang--a visionary--wasn't what Yahoo needed. I thought Yahoo's problem was largely failed execution and missed opportunities in search advertising that allowed Google to leapfrog its more mature rival.

At this point, I'm even more convinced that Yang was the wrong choice. But I think the problem is bigger than missed opportunity and failed execution. The company does indeed need a new vision. And it needs a CEO who's capable of articulating and selling that vision down through the ranks and ensuring everybody's goals are aligned.

That's a tall order, but it can be done. Lou Gerstner did it at IBM, and that was no walk in the park. But Jerry Yang is no Lou Gerstner.… Read more

Sci-fi movie robot all stars, on display at Alien

MORGAN HILL, Calif.--What do you do if your company has raised $291 million in venture funds and you're still waiting for your market to take off?

You buy replica robots that starred in movies from the 1950s.

At least that's what Alien Technology, based here, did. The company's previous CEO bought these two gems, which sit in the headquarters lobby. (The company is currently headed up by Fujitsu and Apple alum George Everhart.)

The roundish one, that looks like Bib the Michelin Man wearing a hat that pipes beer from two cans into your mouth, is … Read more

Game store employees explain Wii scalping business

On Thursday, Ars Technica reported that game retailer Slackers had been ordering Nintendo Wiis, claiming to have run out of stock when customers came into the stores, and subsequently selling the Wiis at a high markup on eBay.

After their original story ran, employees of the retail chain have written in to give Ars more detail about the alleged practice.

I hear voices: Could highly directional sound advertising be the next big thing?

UPDATE: An earlier version of this blog incorrectly described the technology used in an advertisement for the A&E's TV show Paranormal State. The technology, developed by the Holosonic Research Lab, uses a beam of ultrasound as a "virtual source", which changes into audible sound as it travels through the air. Please read the technology's inventor, F_J_Pompei's comment or visit the Holosonic Research Labs site to learn more.

The folks who heard the ad for A&E's TV show Paranormal State emitted from a billboard in New York City's Greenwich Village … Read more

Some journalists give journalism a bad name

I don't know how many times I've read a post or an article by some small-minded, self-important journalist advising a public company's board of directors on how to "fix" the company. The most common advice is "sell the company," "fire the CEO," or better still, "fire all the executives."

Even if a company is screwing up, how is a journalist--whose entire management experience consists of looking at his watch to be sure he files a story by 3 p.m.--qualified to dole out management advice? Is mastery of a keyboard sufficient experience to know how to run a company?… Read more

Survey: Corporate computing expands green streak

Efforts to purchase eco-friendly and energy-efficient IT equipment have expanded notably since the spring, according to 130 companies surveyed by Forrester Research.

Some 38 percent of corporations said they take environmental concerns into account when making purchasing decisions, a jump from 25 percent surveyed in April.

The top reason for going green was slashing energy costs, cited by 55 percent of respondents. Doing the right thing for the environment was the next most popular motivation, noted by half of those surveyed. And 95 percent called environmental concerns either somewhat or very important to operations.

However, the study found that most … Read more

The one thing (question) for a better world

In fin d'ann?e mood, saving the world is en vogue -- and asking the "one thing" question obviously, too.

Inspired by Leonardo DiCaprio's gloom and doom documentary "The 11th Hour," OnEarth magazine asked a panel of leading scientists and activists to "move beyond bleak diagnoses and offer concrete proposals for a sustainable future:"

"Which one thing would you do to save the world?"

You can view it on YouTube or read a transcript of the entire conversation here.

In a similar vein, but slightly modifying OnEarth's impetus (and … Read more

HP invests big in solar and wind

Hewlett-Packard announced on Tuesday investments in renewable energy as part of efforts to reduce greenhouse gas emissions from its operations.

The computing giant said it will install a 1-megawatt solar array in its San Diego facility.

SunPower will install its solar panels and sell the electricity the panels generate to HP at fixed rates under a power purchase agreement. The system will save HP $750,000 over 15 years and offset 1 million pounds of carbon dioxide per year, the equivalent of taking 100 cars off the road each year.

The San Diego installation will be made up of 5,… Read more

How to snag your boss' job

How many of us have driven home in anger, after a frustrating day at work, and declared to our spouse or the nearest person who will listen, "I can do that incompetent jerk's job way better"? The incompetent jerk is, of course, the boss.

At that point you have three options:

Option 1: Realize that you're full of hot air and do nothing. Option 2: Quit and go to work for somebody else. Option 3: Try to get your boss' job.

This post will give you three tips for accomplishing Option 3. Just to be clear, I don't mean getting your boss fired and you getting promoted in his or her place; I mean getting a promotion to that job level, either at your company or elsewhere.

I've done it lots of times. Sometimes it works out; sometimes it doesn't. Six years ago, I was so frustrated with my CEO that I responded to a call from an executive recruiter. Before long, I was CEO of an optical networking company. This was the opportunity I was looking for, a chance to see if I really was better at my boss' job than he was.

Seven months later, my company went bankrupt, a victim of the dot-com bust. True story.… Read more

That's a lot of fraud

Did you know that the president has a Corporate Fraud Task Force? That's right, he does. It's led by the deputy attorney general, whoever that is.

Anyway, this task force has apparently been very busy. Over a five-year period since its inception, the task force claims 1,236 corporate fraud convictions, including 214 CEOs and presidents, 53 CFOs, 23 corporate counsels, and 129 vice presidents.

That's a lot of fraud. Who knew there were so many dysfunctional executives in this great nation? The dark side of greed and capitalism must be pretty attractive, huh?

I also wonder … Read more