Executive defections have been a common sight at Yahoo!
BoomTown's Kara Swisher reports that Andrew Siegel will leave the company. As the head of corporate development, Siegel orchestrated Yahoo!'s acquisitions.
Sure, he lost out on a few of the big fish. Rumors of Foursquare and Groupon buyouts failed to materialize. He's also parted with some of his own company's holdings. Siegel was there when Yahoo! decided to sell HotJobs to Monster Worldwide
Yahoo! never broke the bank, and it was able to resist the urge to unload its valuable Asian investments.
Despite the revolving door of executives, there's no reason to doubt that Yahoo! can find a capable replacement. My concern here is that Siegel's departure comes at the worst possible time. Google
The pace of consolidation among dot-com properties is brisk, and Yahoo! can't afford to miss out on the frenzy.
Cynics may argue that Siegel is leaving so quickly because he sees the writing on the wall. The inevitable pairing of Yahoo! with AOL
However, I would argue that Yahoo! would sooner cash out its Asian investments and use the proceeds to go on the mother of all shopping sprees, if that's what it needs to avoid becoming second banana in a merger with AOL.
Now more than ever, Yahoo! needs to make a defining acquisition. Too bad it'll first have to waste time filling a newly empty chair.
What do you think Yahoo! should buy next? Share your thoughts in the comment box below.