Yahoo! CFO Blake Jorgensen Resigns
Say what? Yesterday I published an article about how the Yahoo! CFO believes that the search engine company is still open to a search deal with Microsoft and today he is no longer CFO. As a matter of fact, he is no longer part of Yahoo! Blake Jorgensen was CFO of Yahoo! since May 2007.
Jorgensen spoke very highly of Yahoo! at yesterday’s Goldman Sachs event. He spoke about how Bartz is taking a very decisive approach with the company.
“Maybe he said something he shouldn’t have said at the conference. Maybe Bartz didn’t care for what he said about her. Maybe this is all part of her big reorganization plan, which was supposed to be announced this week. Maybe he just got another sweet job offer after calling it a day at the conference yesterday. The filing didn’t have those sort of details,” wrote Sam Diaz of ZDNet.
On Saturday, I wrote about how Yahoo! may have a major executive shuffle according to a memo that Bartz sent out. “Get well-rested, because next week’s a biggie,” stated Bartz in the memo. Some analysts believe that it was foolish to have Blake speak at the event because it led investors to believe that the CFO has big plans in helping the company get back on its feet.
What are your thoughts about Blake? Do you think it was okay for him to speak at an event the day before he quit?This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry