• The Wall Street Journal, Tuesday, December 6, 2011 12 PM

With Yahoo’s future less certain than even, it’s no surprise to see employees heading for the door. Yet, to hear exactly why staff are leaving, and in their own words, is especially damning. Take Greg Cohn, who just left Yahoo, where he most recently served as senior director in charge of generating revenue for new initiatives. Regarding Yahoo’s woes, Cohn tells The Wall Street Journal: "If you're not growing, if you're not giving people challenging things to work on, if you're not holding out the promise of creating some personal wealth during one of the frothiest technology markets in modern history, and if your people don't ultimately believe in your ability to deliver across that whole spectrum, you're toast.”

Brutal. And as WSJ explains: “Mr. Cohn's assessment underscores the dilemma facing Yahoo loyalists, as the company's future hangs in the balance.” The board basically has two options: To fight, by finding new management that can redefine Yahoo’s mission, and rally the troops; or flee, by selling all or some of the company’s assets. The problem is that the board hasn’t taken either path, which has left employees and investors in the worst sort of limbo.

 “Company executives are bracing for a jump in departures following the holidays and the bonus season, which typically occurs early in the year,” WSJ reports.

Read the whole story at The Wall Street Journal »