Chapter 1099: Removal of Yahoo's Chairman

We don't follow, this sentence makes Chen Yu extremely comfortable.

he knows.

The $500 million is not because Yahoo can't come up with it, but because Yang Jieyuan doesn't have the courage to come up with $500 million.

Weibo is not Yahoo's main business after all, their main business is portal websites.

If you put it on the portal, they may still be able to follow.

But in other businesses, they can only shrink their strategy and compete with Universal Technology in a defensive posture.

But Yahoo is not the Yahoo it was.

In the search engine business, Yahoo lags behind Google.

In the video business, Yahoo lags behind Universal Video.

Portal business, Yahoo is gradually caught up by AOL.

E-mail business, this is Yahoo's first and most advantageous business.

But the mailbox business is already a sunset business, and he no longer has much strategic significance.

And look at others.

In the field of instant messaging, Yahoo is completely marginalized.

E-commerce, Yahoo has done a mess.

In this part of the game, Yahoo rarely intervenes.

If you really want to say, some of the businesses that Yahoo can take out have become less and less.

In the future, if all goes well.

Yahoo may not even have much value in their portal business.

That's why Yahoo later sells itself for billions of dollars.

You know, Yahoo was a super giant with a market value of nearly $200 billion.

Time and life.

Many later generations analyzed why Yahoo failed.

He used to be such a fork.

He could have been Google's father,

The son of Microsoft, but sold at a low price like a grandson, and finally became an Internet abandoned child.

Some people say that Yahoo is not positioned enough for itself.

Some people say that Yahoo did not seize the opportunity in the era of mobile Internet.

Others say it's because of Yahoo's big organization problem.

No one can say what really needs to be said.

Even Jerry Yang, the founder of Yahoo, couldn't tell.

This may be a philosophical question.

However, Chen Yu would not consider this philosophical issue.

But Chen Yu doesn't think about it, others will.

"Mr. Yang, Director Ferro has submitted an application for an interim board meeting."

"What is a board meeting for?"

"Director Ferro didn't say so."

"Then refuse."

"But Mr. Yang, according to the regulations, Ferro's shareholding ratio exceeds 10%, and we have no right to refuse."

"This guy."

Yang Jieyuan had some headaches.

Although this Ferro is a director of Yahoo, he has been pointing fingers at Yahoo.

But after all, he was helpless about the proportion of the capital represented by Ferro.

Since there is no way to refuse, Yang Zhiyuan can only agree.

The next day, Yahoo held an extraordinary board meeting.

Jerry Yang is the founder of Yahoo, the CEO of Yahoo, and the chairman of Yahoo.

He took the seat chief.

Looking at Ferro, Yang Jieyuan asked, "Director Ferro, I don't know what you want to do with this extraordinary board meeting?"

"I think Yahoo's recent operations have gone wrong, and I want to discuss it with you."

"I've always been in charge of Yahoo's operations, Director Ferro, do you have any advice?"

"I don't dare to advise, but there are indeed a few problems that must be solved."

"Then say it."

Yang Jieyuan did not give Feiro a good face, and wanted to hear what Feiro wanted to do.

"I think we haven't had much performance since Yahoo acquired Facebook, and we spend too much money on Facebook, and Facebook doesn't have many profitable points, and he doesn't have much portal business with us. intersection."

As soon as Fei Luo said, Yang Jieyuan snorted: "Fei Luo, do you understand the Internet? Facebook is a social networking site, and social networking sites have a natural viscosity for the Internet. Take a look at Huanyu Group's Moment Network, they are only worth the market value of a Moment Network. It's hundreds of billions of dollars."

"But that's Friend.com, and obviously Facebook isn't as good as Friend.com."

"Although not comparable, social networking is a big trend in the future, and we have to push it in this area."

"But it costs too much money."

"Which aspect does not need to be spent, the Internet is all about money."

As soon as he said that this cost Yang Jieyuan, he was angry.

This made him think of the call with Chen Yu again.

Isn't Chen Yu just threatening him with money?

If it wasn't for the capital behind these guys, Ferro, who kept JJYY in front of him, he couldn't have followed up.

Facing Yang Jieyuan's questioning, Ferro did not distinguish himself from Yang Jieyuan, but continued to say: "Second, Yahoo's main business is portal and mailboxes, I think we should focus on portals and mailboxes. But for some time, We do almost everything at Yahoo. Search engines, social network lines, and e-commerce have to follow up... Although this seems feasible, these entries have delayed our main business. At present AOL's IP traffic is already catching up with us, and if AOL really overtakes it, it would be a disaster."

"Ferro, you're right, so you're going to be the CEO of Yahoo."

Yang Zhiyuan sneered.

Regarding the second point, he was too lazy to argue with Ferro.

If Yahoo only does portals and mailboxes, it will die.

The Internet business is so large that if the various businesses are not deployed, the future Yahoo will have no status in the entire Internet industry.

In fact, the listing of Huanyu Group greatly stimulated Yang Jieyuan.

They are clearly the world's number one Internet company, but why is the market value far lower than that of the Universal Group.

They are obviously role models for the world's Internet companies, but any friend network, Huanyu Video, or Weibo will take them down.

It was also seeing this that he wanted to enter this piece even more.

"Of course I don't have that ability."

Ferro shook his head.

"If you don't have the ability, then let's break up."

Yang Jieyuan didn't want to say anything to Ferro.

He is the founder of Yahoo, the chairman of Yahoo, and the CEO of Yahoo.

What Yahoo wants to do, how to do it, and how long to do it is his business, and has nothing to do with anyone else.

It's just that Yang Jieyuan thought so, but the following sentence made Yang Jieyuan's heart stunned.

"Mr. Yang, the meeting has just started."

"how?"

"Mr. Yang, as you said, of course I don't have the ability to be the CEO of Yahoo, but I think we can hire a new CEO."

"Hiring a new CEO?"

Yang Jieyuan stared at Ferro.

He naturally knew what Ferro meant.

Although he is the founder of Yahoo, he is also the chairman of Yahoo and the CEO of Yahoo.

But that's not the most important thing.

It is not the founder, nor the chairman, nor the CEO who decides who the company decides.

But shareholders have the final say.

Which shareholder or which shareholder group holds the highest proportion, which one has the final say.

Once the shareholding ratio of certain shareholders reaches a certain level, the chairman can be removed and a new CEO can be hired.

If Jerry Yang holds a relatively large stake in Yahoo, there is no need to worry about removing the chairman.

But if your shareholding ratio is relatively low, sorry, you are in danger every minute.

Before Yahoo's development was not bad, Yang Jieyuan was at peace with each other.

But once Yahoo's development is very general, then there is a problem with Yang Jieyuan's position as chairman and CEO.

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