Yahoo Execs Dropping Like Bombs
Yahoo has been in a constant state of reorganization lately with the entrance of Jerry Yang and the still not filled exit of CTO Farzad Nazem as well as other positions being shuffled around.
Being thrown into the mix is position of CFO for Yahoo’s Network division as current holder of that position Mike Weetman, is leaving to become the COO of BermanBraun, a new production company formed by former Yahoo employee Lloyd Braun and Hollywood executive, Gail Berman.
For the entire article go to Adotas.com
So who is left to turn out the lights, when everybody leaves? A good question. Corra has heard of the great mass exodus, especially in Los Angeles, where we are headquartered. Hollywood is rife with either mass firings or mass splittings. Sometimes the mass exodus is even more newsworthy than the last OJ fiasco, but we digress.
So what to do when y our key executives leaves. Recruit new ones, but take your time in making sure they are the right fit, they have the right motivation and the incentive you offer meet with their satisfaction. But someone’s candidate is often someone’s recent firing. There are a lot of reasons for executives being let go, downsizing being not the least of them. But then there are the more incompetent executives, the ones who didn’t meet their numbers or, worse, were caught stealing or selling your valuable databases to your competitors.
Stuff happens. Hence your HR people should be conducting careful interviews and utilizing a comprehensive background search for key executives. When executives may have been involved in white collar crimes, Corra suggests you run the Federal Criminal and Federal Civil Searches, among the other searches you will conduct.
Be smart. Sometimes the gift at the door is just another Trojan Horse. Check them out before you hire.
