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Yahoo's problems a test of employee loyalty

By: Staff Journalist, Singapore
Published: May 09, 2008

US - Yahoo employees have shown unwavering support for the organisation and its leadership through its recent troubled times. Well, almost.

Yahoo employees have remained undeterred by Microsoft's US$47.5 billion (S$65 billion) buyout bid according to a recent report by CNN. This was in spite of a 20% drop in the company's stock price and the possible merger of Google and Yahoo.

Some employees said that they still believe in management's ability to execute while some are just waiting for the company's share price to bounce back. Reports say Yahoo's employees feel more motivated and loyal to the company since the Microsoft's bid fell through.

However, not all of Yahoo's employees are satisfied with Yang's management of the Microsoft bid. Many VPs were worried about the drop in Yahoo's share price and what the company's next move will be.

A former Yahoo executive who recently left the company for personal reasons told CNN: "Yahoo's stock hasn't performed well for quite a while and that has made some people restless. I think many people do believe in the path currently being charted, but you have to stay the course to see the fruits. There won't be a financial upside for a long time."

Companies featured:

  • Yahoo!

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