There are a lot of speculations swirling around Yahoo! Inc. (NASDAQ:YHOO). Some experts say the company will be sold to a tech giant and some believe that Yahoo will be merged. But Yahoo! Inc. (NASDAQ:YHOO) ex-CEO Ross Levinsohn dropped a bombshell in a program on CNBC when he said that Yahoo! Inc. (NASDAQ:YHOO)’s CEO Marissa Mayer will have to leave the company very soon. Levinsohn shared his own experiences when the company was in danger He said that Yahoo! Inc. (NASDAQ:YHOO) will have to come out with a clear strategy on just about everything: its product strategy, its employees, the hiring process, valuation. Levinsohn said that Yahoo need a complete strategy overhaul. The company must stop depending on Alibaba and think that soon, it will have to leave the Alibaba stock it has. What remains of Yahoo after Alibaba is the real question worrying the investors.
Levinsohn said that Yahoo! Inc. (NASDAQ:YHOO)’s CEO has dealt with the current challenges pretty well, but there is a lot more to be done. He thinks that Yahoo will need to devise a strategy for ads and search. Investors need something tangible and tractive to bet on in the growing market of today. Yahoo! Inc. (NASDAQ:YHOO)’s CEO has depleted some headcount and useless product in the recent past.
Yahoo! Inc. (NASDAQ:YHOO)’s former CEO believes that Yahoo’s core business is just at $9 a share if we take out Alibaba and Yahoo Japan. This could create massive problems for the current CEO of the company if things don’t improve. He said that Yahoo! Inc. (NASDAQ:YHOO) CEO will either have to go or she could make some drastic changes to improve the company position.
David E. Shaw’s D.E. Shaw & Co., L.P. reported owning about 16.19 million shares in Yahoo! Inc. (NASDAQ:YHOO) by June 30.