As soon as Yahoo’s new CEO takes over, he/she will have a herculean task ahead to right the ship, not unlike the challenges our President-Elect faces, but for the scale of issues. Among them:

SEE ALSO: Jerry Yang To Step Down As Soon As Yahoo Board Finds Replacement

—Its ongoing talks with AOL/Time Warner,
—Reviving any hopes of talks with Microsoft.
—Any other possible combinations with the likes of MySpace/News Corp (NYSE: NWS) and others.
—The collapsed advertising/search deal with Google (NSDQ: GOOG), and any remnant hopes of reviving it in any limited form.
—The looming jobs cuts (1,500 for now) and possibly more to come.
—Decisions on which product lines to keep or close.
—Decisions on spin-offs, if any.
—Decisions on international arms in Japan and other countries.
—Trying to retain and revive Yahoo’s lead in display/branded advertising. Advertisers and media planners still love the reach.

Photo Credit: Yodel Anecdotal