InvestYoung

Bartz And Yahoo!

The new CEO for Yahoo Inc Carol Bartz is shaken things up within Yahoo. One of the major changes she’s making is forcing CFO Blake Jorgensen out. Now he’s not leaving just yet, they need to replace him first. Making changes with top officers of a company will either make their stock raise or sank. So hopeful Bartz knows what she doing here. I was reading that Bartz said “People here have impressed the hell out of me.” I’m guessing here, but I don’t think Jorgensen wasn’t one of them. With these major changes going on within upper management it just might be time to get back into Yahoo. After all their still a major player when it comes to search engines. So who knows what will happen next with Yahoo. I think their setting up for a sale to Microsoft, watch and see.

In The Spotlight!

Once again Microsoft Corp. has found it’s self in the spotlight once again. This time in an embarrassing way they would like to forget about. Here’s what happen just in case you missed the story. Microsoft Corp. had made a mistake in pay to the people they laid off. So what did they do – they asked for the money back. A company with over $21 billion in cash asked 25 people to return $5,000, now that’s a dumb move. They would have gotten away with it 10 years ago, but in today’s world with the internet at everyone’s finger tips it’s not going to happen. To me that’s like buying a new set of pet beds, your animal sleeps on it, then pees on it, and then you take it back, not going to happen. And that’s just what Microsoft did in this case, they laid of people that they could have afforded for years to come. I would have bet that if Bill Gates was still running the show he would have never laid off one person. That’s because in it’s 34 years of being in business Microsoft had never laid off one person, which say’s a lot about Gates. I should also say that after the news of asking for the money back Microsoft decided to let the laid off employees keep the money, but only to save face.

Continue To Explore!

General Motors Corp. has filed for bankruptcy protection for their Swedish-based subsidiary Saab on Friday. The bankruptcy protection was filed because the Swedish Government had turned down GM for a government loan like their getting in the U.S. It seems that the Swedish Government knows more than the U.S. Government. They should be forced into bankruptcy for all their bad choices made. The only thing the Swedish Government needs to do know is to get a hidden spy camera in place to catch all the paper shredding that’s going to happen. These company’s have done so much wrong doing in the past who’s to say they won’t do it again. Now I can’t prove wrong doing, but let’s see if they can disapprove any wrong doing. Anyway, Saab is going into bankruptcy protection, which will make it a lot easier for GM to sell it off. Or better yet why don’t they keep it and make it stronger.

Spending Spree!

I was just reading an article about how some of Allen Stanford’s employees where fired for asking questions about where the money went. One top seller, Miami broker Charles Hazlett was let go for asking those same questions. In 2002 he was rewarded with a brand new BMW, I wonder if he got some Bamboo Blinds as well, maybe not the blinds, but the car is a yes. Anyway, he was will rewarded for be a top performer until he ask that question, “how is the money being invested.” Then he got his answer, you quit or your fired. At that point I would have thought something wasn’t right and would have walked out the door. Now Hazlett wasn’t the only one who had complained to top officers of the company, from my understanding the list is a mile long. The thing that bothers me is that the SEC is nowhere to be found. The SEC seems to have dropped the ball again. I wonder when the next big investment firm or person will get caught. I will end this post with this – I 100 percent believe that there’s about 10 to 15 other people out there like Madoff and Stanford. These people have been running scams against investors for years. And the complaints to the SEC have been ignored. Just wait and see, more will fall and it will be the SEC’s fault.