Send to KindleLast year the business world was abuzz as Yahoo! hired Marissa Mayer as their new CEO. Mayer has not disappointed those looking for things to write about. She has taken several bold steps in an effort to save Yahoo! from the ash heap of internet history.
Since Mayer joined Yahoo! there have been 24 acquisitions totaling well over $1.5 billion dollars. But that isn’t the big news. That was the decision to pull all the work-at-home employees into the office. A survey of articles, blogs, and comments about this decision would have led one to believe that Yahoo! was finished and Mayer’s last official act would be to turn off the lights when she left.
But that isn’t what happened. Yahoo! stock has soared. Some commentators think the rise in stock is temporary and not indicative of future success of the company. Time will tell, but at the same time, it seems the employees aren’t all ready to flee.
Leaders must be willing to take bold action and then stick to their decisions long enough to see them through.
