Yahoo to Reorganize in Wake of Microsoft Bid

Company execs quit amid changes
By Matt Cantor,  Newser User
Posted Jun 20, 2008 7:26 AM CDT
This Jan. 7, 2008 file photo shows the Yahoo tent at the Consumer Electronics Show (CES) in Las Vegas.    (AP Photo/Paul Sakuma, file)
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(Newser) – Regrouping in the aftermath of Microsoft’s takeover bid, Yahoo plans to consolidate its myriad branches, the Wall Street Journal reports. President Susan Decker aims to centralize the mail, search, and home-page teams to help boost earnings and justify its rejection of Microsoft’s $47.5 billion offer; some executives already have left amid the changes.

Three leading vice presidents are quitting the company, as are the co-creators of photo-sharing site Flickr, sources say—though some who are leaving were looking for new jobs before the restructuring plans. But “we have a deep and talented management team across all areas of the company,” said a Yahoo statement. “We continue to recruit outstanding talent.”