As reported today by Kara Swisher at AllThingsD, (as well as other media outlets) Yahoo! Inc. (NASDAQ:YHOO) will not be taking a new CEO to their shareholders today. Beyond, all of the sordidness that has been Yahoo’s CEO story recently, It’s probably for the best.
Last night as I was finishing up a bit of work, I received an email from myself. Something that rarely happens given my use of the “cloud.” In the recent past, I emailed myself numerous times. If I needed to print a document on a printer better than my own I was forced to email it to myself from home in order to print it at a “Kinko’s.” I spend a fair amount of time in Antigua, Guatemala so it was actually an internet cafe with a proper printer called Roy’s. This in a city I don’t relish carrying a laptop in at night. Now I use Dropbox or, more recently Google Inc (NASDAQ:GOOG) Drive.
I digress, but let me finish. Last night, I received an email from myself from a Yahoo email account I never use. I saw that this same email was sent to hundreds of my contacts from 2005. Before this email became emails, the latter of which promised me and my friends (some female) a larger, let’s say…member, I read that Yahoo was hacked last night.
My point? Whether or not Yahoo has already made their CEO decision, today is NOT the day to make the announcement. The announcement of a new permanent CEO today would have had to share the news with Yahoo’s public security failure.
Since Yahoo won’t announce it, I will. The new permanent CEO will be its interim CEO, Ross Levinsohn. I’m taking any and all bets.
“We’re going to make sure that we have looked at every strong candidate possible,” said one person close to the situation. “This is a CEO selection the board cannot afford to be wrong on.”
Yadda Yadda Yadda. We both know it’s going to be Levinsohn. Sure there has been a massive board shakeup following Dan Loeb’s discovery of Thompson’s nonsense but It’s going to be Levinsohn in the coming weeks.
Suggestions to the contrary are simply the work of financial journalists who need filler between commercials or printed advertisements. Do they still print newspapers?
But then again, Yahoo’s board hasn’t made too many wise choices since turning down Microsoft’s Corporation (NASDAQ:MSFT) buyout offer.
NOTE: In the time it’s taken me finish this piece I’ve received another two emails from myself.