Daily Archives: September 30, 2010

John Gapper

As a journalist, I  appreciate  people who are straight talkers – and agree with Lucy Kellaway’s praise of Steve Jobs’ pithiness – but Carol Bartz at Yahoo has been taking it too far.

Kara Swisher suggests that the Yahoo board has doubts about Ms Bartz, and may be manoevreing to find a successor. Among other things, it is apparently worried about internal instability and Ms Bartz’s well-known bluntness (including a penchant for swearing in public).

She recently talked openly about tensions with Alibaba, Yahoo’s search partner in China, and why she had spurned  its attempts to buy back Yahoo’s 39 per cent stake. That followed her having sworn publicly at Michael Arrington, the founder of TechCrunch (which AOL has just bought).

Meanwhile her recent retort to reports of Yahoo executive leaving sounded graceless:

“I can’t tell you how many times I’ve gone to my assistant and said, ‘Do you know who this person is,’ and they’re about six layers down.”

Of course, if the Yahoo share price was doing well and Ms Bartz’s attempts to redefine Yahoo were being seen to work, such off-the-cuff remarks might not matter. Mr Jobs can say more or less what he likes, after all, but she lacks that luxury.

Bland corporate-speak is very frustrating to listen to, and Ms Bartz is nothing if not entertaining. But her outspokenness is not wise.

Punk. Billionaire. Genius. That is the three-word description of Mark Zuckerberg, the founder of Facebook, in the film account of how he took a social networking site from a Harvard dormitory to a valuation of $30bn in seven years.

Business blog

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About this blog Blog guide
This blog is mainly about business and strategy and how and why people who run companies take the decisions that they do.

Most of the time, John Gapper is in New York and Andrew Hill is in London. We occasionally debate business issues between us, but your comments and criticism are welcome.




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Contact andrew.hill@ft.com or john.gapper@ft.com about the Business blog.

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About John and Andrew

John Gapper is an associate editor and the chief business commentator of the FT. He has worked for the FT since 1987, covering labour relations, banking and the media. He is co-author, with Nicholas Denton, of All That Glitters, an account of the collapse of Barings in 1995.

Andrew Hill is an associate editor and the management editor of the FT. He is a former City editor, financial editor, comment and analysis editor, New York bureau chief, foreign news editor and correspondent in Brussels and Milan.

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