According to agency Associated Press, the new executive director of Yahoo! Inc. Carol Bartz froze the increase of salaries to all the staff. It seems that the new executive director really took seriously the restoration of the credibility of Yahoo!.Bartz explains its decision to reduce corporate costs in the face of financial crisis - by the way, Bartz also plans to dismiss more than a thousand people. Perhaps these measures will help Yahoo! staying afloat in this difficult time for all.
Reducing staff is not just - Yahoo! is going to close several of its subsidiaries in the United States, where the highest salaries of staff - a function of the closed offices will carry out less expensive foreign affiliates.
Currently, the majority shareholders of Yahoo! show the location of the new Director of its corporations, in fact, Carol Bartz of the first days of his appointment, has taken to correct mistakes made by the previous head of Yahoo! Jerry Yang. After his retirement, even Microsoft went on the rapprochement with the Yahoo!, That could be called a turning point in relations of both corporations.
