Yahoo! CFO is Industry Wunderkind
What's going on at Internet portal and search engine maverick Yahoo! these days? Quite a lot, thanks to CFO Gary Valenzuela.
The company has made a profit for over four years in the face of dotcoms that can barely scratch the surface of seeing any black. What's the secret? A conservative stance by Valenzuela on most everything, according to industry experts.
Some credit needs to be given to a savvy marketing approach and the fact that Yahoo! doesn't have any inventory attached to it ... compared to other dotcoms that do.
Still, some of Valenzuela's moves have made the company shine. This includes helping Yahoo! go public and implementing a strong set of controls, as well as sticking to an efficient budget cycle and marrying profitability and financial leadership.
Voice of the Editor
Which isn’t completely true. I mean, occasionally I drop by when I manage to sneak out of the nonstop frat party over at Going Concern, but I’m mostly a wallflower over there. I’m happy to say that I’ve been given express permission (or explicit orders, if you like) to wander over here to AccountingWEB more often.
Why is that, you might ask? My job is to replace the irreplaceable Gail Perry as Editor-in-Chief. What does that mean? I don’t really know! I think it’ll be fun getting a feel for things, throwing in my own thoughts here and there, and listening to the discussions you’re having about the accounting profession.