I had no foreknowledge of this but yesterday I argued that letting Groupon slip away was a fatal mistake for Yahoo!. Today we read that Yahoo’s M&A Head Andrew Siegel Is Departing the Company. When a skilled high-profile executive like that leaves after about a year, it's time for anyone else with talent to start thinking of heading for the exits too.
Now, the best investment the Yahoo! board can make is in a giant mirror to take a hard look at themselves. Too many missed opportunities will push even the most loyal employees out the door, and the mirror's reflection will show that plenty of them have been leaving Yahoo! of late. They'll also see a me-too business run without a compelling vision of the future. Given the transformative impact a deal could have had on the company, letting Groupon go is the canary in the coal mine for Yahoo!, and today's news is the proof.
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