Slumping Yahoo Inc. to Undergo Shake-Up

Slumping Yahoo Inc. to Undergo Biggest Shake-Up in More Than 5 Years
SAN FRANCISCO (AP) -- Yahoo Inc. will undergo its most extensive shake-up in more than five years, hoping to snap out of a malaise that has ravaged its stock and provoked one of its own top executives to bluntly question the Internet powerhouse's direction. Under the overhaul announced late Tuesday, Yahoo vowed to rein in a sometimes-rambling product expansion that has bogged down its earnings growth and threatened its position as the Internet's most popular site as more buzz built up around upstarts like MySpace and YouTube.

The streamlining will bunch Yahoo's disparate operations into three core groups focused on its Web site's audience, advertising network and technology. As part of the reorganization, Yahoo Chief Financial Officer Susan Decker will assume an even more prominent management role and Dan Rosensweig, the company's chief operating officer, will be shown the door in March when the makeover is expected to be completed.
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