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Yahoo to lose network exec Jeff Weiner?
A report says it's possible the executive vice president of Yahoo's Network Division is leaving to become a venture capitalist.
Update 4:26 p.m. PDT: I added a link to TechCrunch coverage. Update 12:39 p.m. PDT: I added the Yahoo response.
Jeff Weiner, executive vice president of Yahoo's Network Division
(Credit: Yahoo)Jeff Weiner, executive vice president of Yahoo's Network Division, could be leaving the company, All Things D blogger Kara Swisher suggested late Tuesday.
An internal Yahoo announcement could come Wednesday, Swisher said on her blog, but it may not address Weiner's fate. People Swisher has spoken to "do not expect him to stay long, even leaving within the next few weeks, pointing to the continued uncertainty at the company and also, I would imagine, sheer weariness," she said.
Weiner has been on paternity leave for the last four weeks, she added.
The departure rumor was reinforced by discussions with venture capitalists who said Weiner could be joining a firm such as Accel Partners, Greylock Partners, Benchmark Capital, or Sequoia Capital, she said.
Yahoo wouldn't shed any light on the subject. "We don't comment on rumors or speculation," the company said in a statement.
Meanwhile, TechCrunch also weighed in with a report citing unnamed sources that "Yahoo and Weiner are still negotiating his separation agreement, and will make an announcement 'imminently' about his departure."
