Yahoo Hires A New SVP Of Business Development
Another executive switch at Yahoo (NSDQ: YHOO). The company has hired Raymond Stern as its SVP of business development and partnerships; Stern replaces five-year Yahoo veteran Jim Schinella, who Yahoo says has left the company for “personal reasons.” In a statement, a Yahoo spokeswoman says that Stern will be “focused on a key overall company strategy — partnerships and business development.” Prior to joining Yahoo, Stern was the CEO of digital delivery firm Presto Systems; he has also worked as the SVP of strategy and the chief marketing officer at Intuit. It’s the latest executive switch at Yahoo. In late October, the company hired former General Electric executive Andrew Siegel as VP of corporate development. Stern’s hiring was first reported earlier today by AllThingsD’s Kara Swisher.
Just seems time and time again that Yahoo hires people with irrelevant backgrounds for key spots. Must conclude that serious web people no longer want to be there so they have to recruit from tangential industries.
Face it. In the last year Yahoo has pushed their losers out, and brought in top talent. Forced lots of the rats to jump to 2nd rate places.
To Jenkins, you are absolutely right which is what you will expect from them. The people left at Y! are at the best marginal. Carol, against what she had said, is led by the blind – a bunch of folks who took the company to all time low, unmotivated and solely driven by self promoting ideas. As a recent trend,Y! promote now open standards but in their actions will soon have no partner to work with. Maybe a bunch that will go after them. They will need a miracle to survive as everything they do is wrong!