Yahoo! CEO Poll: The Jury's Still Out
NEW YORK (TheStreet) - TheStreet's readers are divided on whether Yahoo!'s(YHOO) surprise appointment of Google(GOOG) executive Marissa Mayer as CEO was the right choice for the embattled Internet giant.
Some 43% of respondents to TheStreet's poll on the new Yahoo! CEO see Mayer's appointment as a smart move, noting that the Google veteran will bring a fresh perspective to the firm.
Mayer, a talented engineer who was employee no. 20 at the search giant, served in a number of roles at Google, most recently overseeing the company's Location, Maps and Local services. res
Just over 36% of readers, however, see Mayer as the wrong choice for Yahoo!, citing her lack of experience running a company.
A little less than a quarter of respondents said they are deferring judgement on the appointment, preferring to see how she performs in the role.
Readers hoping to hear from Mayer on Yahoo!'s second-quarter conference call on Tuesday, however, were disappointed.
Yahoo! CFO Tim Morse handled the company's post-earnings conference call, but promised that investors will hear from Mayer soon. The finance chief added that Mayer "needs time to get in, get acclimated and review the business."
Yahoo! surpassed Wall Street's earnings expectations in its second-quarter results, reporting earnings of 27 cents a share on revenue of $1.081 billion, excluding traffic acquisition costs.
Shares of the Sunnyvale, Calif.-based firm rose 0.19% to $15.63 on Wednesday.
--Written by James Rogers in New York.
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