Legal News

Siino doesn't Yahoo anymore

By Richard Binder

Yahoo has lost a number of executives this year, its stock continues to slump, and it began the process of laying off 1,500 workers last week.  Not among those layoffs but leaving of his own volition is Joseph Siino, the lawyer hired in 2005 to build Yahoo's intellectual property department.

Siino said he felt his work was done because the group could stand on its own and because there wasn't a chance to continue building, given the tough times at Yahoo. When Siino joined the company, Yahoo's stock was above $30 a share. Now, after falling behind Google in the search market and rebuffing a takeover bid from Microsoft this summer, the company's stock price is stuck at around $13 a share. Yahoo CEO Jerry Yang stepped down last month.

Siino declined to comment on the turmoil or layoffs at the company and wouldn't reveal his immediate plans, saying nothing would be finalized until the new year.

Read the NLJ story.

Full post as published by Legal Pad | LA on December 16, 2008 (boomark / email).