It is reported and revealed that the strategies of using deals that have been used by Marissa Mayer in order to reignite better growth at Yahoo will rely on the success and acceptance of another private owned equity expert, named Jacqueline Reses who was not known or recognized in the Silicon Valley even some six months before.
Reses is of 43 years of age and in the section of financial executive, having a degree in economics. She has been quite instrumental and important in the closure of acquisitions since her hiring process in the month of September. It is revealed that CEO Mayer has put on responsibility of talent management and merger acquisition on Reses, as Yahoo which is the biggest US web portal tries hard to revive and reinvent itself to stay in sync with the age of mobile. It is also stated that Rese is geared up to include partnership and cultural development in the organization. In this week, she has been also provided with a new title of the designation of Chief Developmental Officer as declared by Mayer in an interview.
Mayer who is in the responsibility of Chief Executive Officer for almost the tenure of one year, is also ready to race forward to transform the company into a better and more competitive one that can fight with Google Inc. and Facebook Inc. in the industry in attracting users, employees and advertisers simultaneously. To get the best result of this movement in the organization, Rese is believed to play a crucial role in making these efforts bring positive results. Yahoo is reported to have cash and other equivalent assets of average $6 billion. The challenge of Rese is to find targets that are expert and specialized in technologies that can develop own pages as well as services, thus making the package more attractive and user friendly.
Gene Sykes who is also the head of Goldman Sachs Group global mergers and acquisition team says that Mayer is trying hard to get back the talents to Yahoo, thus turning the organization equal to the vibrancy of the Silicon Valley. Sykes is also a former colleague of Reses and adds that the initial method of achieving this target is to purchase startups and combine people rightly.
It is speculated that to compete with the other rivals of the market, Yahoo need to get back the smart and young geeks of the world through the deal of M&A, thus making them stay with Yahoo. it is also estimated that entrusting the section of human resources to a person who is aware of the deal will ease up the difficulties that stay hanging between entrepreneurs.
It was recorded that before the arrival of Mayer at Yahoo, the company had witnessed loss of hundreds of its executives and skilled professionals who got off to the rivals due to alluring offers, equities and better work amenities.