Yahoo's Choice For CEO Sparks Both Concern, Praise
Professor Joseph A. Grundfest is quoted in CNN Money in an article about Yahoo's selection of Carol Bartz as its new CEO:
The appointment of Carol Bartz as Yahoo Inc.'s ( YHOO) next chief executive sparked concern Tuesday because of her lack of Internet experience, but some prominent Silicon Valley observers said Bartz was just the type of strong leader the struggling Internet giant desperately needs.
Other prominent Silicon Valley voices, however, praised Bartz's selection. Joseph Grundfest, professor of law and business at Stanford University, said Bartz's appointment was an "inspired choice."
"There are very few people who understand tech and the consumer space like Carol does, and there are very few people with the leadership skills that she has," said Grundfest, who has known Bartz for many years.
Grundfest rejected arguments that she lacks Internet experience, noting that Autodesk under Bartz adapted well to changes in the Internet environment. " That's very good evidence that she gets it - it being the Internet," he said.