leaks

Cisco, the Best Lousy Place to Work

Owen Thomas · 02/12/09 12:58PM

How did Fortune decide Cisco was near the top of its "Best Places to Work" list? An unhappy tipster at the networking-equipment maker leaked this report from a company meeting happening now:

Yahoo Might Buy Tumblr, New York's Cutest Startup

Owen Thomas · 02/09/09 04:52PM

We hear Yahoo is in talks to buy Tumblr, a blogging startup run by 22-year-old David Karp for "low-to-mid eight figures" — which would translate to a small fortune for the New York entrepreneur.

Carol Bartz's Leak Problem

Owen Thomas · 01/25/09 11:56PM

No one said patching up Yahoo would be easy. New CEO Carol Bartz is trying to crack down on leaks at the troubled Web giant. How do we know this? Someone leaked a memo.

New CEO Swears Like a Sailor at Yahoo Blabbers

Owen Thomas · 01/14/09 03:12PM

Yahoo has long been the leakiest ship in Silicon Valley. So what is its new captain, tough-talking former Autodesk chief Carol Bartz, going to do about it? Cuss a lot!

Jerry Yang's incompetent layoff memo

Owen Thomas · 12/10/08 02:20PM

Yahoo has a strict set of rules to follow in layoffs: No small talk. Get to the point. Don't own the employee's feelings. Did Jerry Yang, the stumbling Internet company's cloddish founder-CEO, follow them in his latest all-hands memo?

Yahoo's secret layoff doublespeak revealed!

Owen Thomas · 12/10/08 03:02AM

Yahoo isn't firing people en masse — it's "getting fit." That noisome euphemism for today's layoffs of 1,500 people must have hissed forth from the brain of some overpaid management consultant. Likewise for pages upon pages of instructions on how to sack employees — which Valleywag has obtained.

Which founders frolicked in Cancun while you cleaned out your desk?

Paul Boutin · 11/26/08 12:53PM

Last weekend, around 60 entrepreneurs under age 35 flew to Cancun for a retreat informally dubbed Summit Series. CNET reporter Caroline McCarthy was one of the press attendees who agreed not to name names. Nice try. The list of attendees identified below includes Dave Morin from Facebook, Joe Green who roomed with Mark Zuckerberg in college, and Sam Lessin who just got back from lip-dubbing Journey at Camp Cyprus. Tony Hsieh just laid off 8 percent of his Zappos staff. Ex-Googler Chris Sacca may or may not be rich, but I'm jealous of him anyway.Dustin Moskowitz, Facebook co-founder with Mark Zuckerberg Tony Hsieh, Zappos, CEO Sam Lessin, Drop.io, CEO and co-founder Chris Sacca, Venture Investor and former Google BD/M&A Michael Chasen, Blackboard, CEO and co-founder Garrett Camp, StumbleUpon, CEO Jud Bowman, Motricity, CEO Jia Shen, RockYou CTO and co-founder Duke Chung, Parature, CEO and co-founder Josh Abramson, Collegehumor.com, co-founder Ricky Van Veen, Collegehumor.com, co-founder Kamo Asatryan, LOLapps, CEO Catherine Levene, DailyCandy, COO Ben Leventhal, Curbed, Founder Ben Lerer and Adam Rich, Thrillist Founders David Karp, Tumblr, Founder Ben Kaufman, Kluster, Founder Lin Miao, Tatto Media, CEO and Founder Sean Mills, The Onion, President Kevin Colleran, FaceBook, Director of Media Sales Dave Morin, FaceBook, Platform Manager Josh Spear, Undercurrent, co-founder Shawn Fanning, Napster, co-founder Nikki Laffel, Gotta Mentor co-founder Tim Ferris, Author and Entrepreneur Charles Forman, Iminlikewithyou, founder Maggie Grace, Actress on LOST Joe Green, Casuses, Founder David Hauser, GotVmail co-founder Scott Harrison, Charity: Water, Founder Graham Hill, Treehugger, CEO and Founder Joel Holland, Footage Firm, CEO and Founder Rob Jewell, SocialCash, CEO and Founder Brian Monahan, People Search Media, co-founder Mike Mothner, Wpromote, CEO and founder Blake Mycoskie, Toms, CEO and founder Liane Mullin, Modelinia, President and co-founder Summer Rayne Oakes, Supermodel and Entrepreneur Josh Peterson, Adteractive, President Hilary Rowland, Hilary Magazine, Founder Keith Richman, Break.com, CEO James Siminoff, Phonetag, CEO and founder Alex Zhardanovsky and Joseph Speiser, Epic Advertising, Founders Eric Stotz, Karma Foundation, President and CEO Neil Vogel, Webby Awards, CEO and co-founder

You too can be a Crunchies Co-Host for $25,000

Paul Boutin · 11/25/08 05:09PM

"Sure the economy is kicking the crap out of us," says the website for this years Crunchies awards for Web 2.0 startups, overseen by TechCrunch founder Mike Arrington. But don't let that stop you from spending $25,000 to be an official Co-Host for the event, a posh dress-up bash to be held at San Francisco's Herbst Theater in January. Or, for $15,000, you can sponsor one of the 15 award categories. I crashed the afterparty last year and, really, it was fun. But $25K? I'm dying to find out what this year's sponsors actually end up paying. Here's the official price list:

Cisco kills Christmas

Paul Boutin · 11/21/08 01:40PM

"There should be no Business Group, Technology Group or Business Unit-funded holiday parties." That's the extra bullet through the heart in an email being sent around Cisco. I've screencapped only part of it, because I promised not to provide any pointers to my leaker. Here's the ASCII text version:

Forbes memo confirms print, Web staff merging

Owen Thomas · 11/17/08 03:20PM

Ending a longstanding internal split that dates back to the days of the first dotcom boom, Forbes Media is merging the staff which puts out the conservative-leaning business magazine and its online component, which run separately and with a ludicrous amount of mutual suspicion and jealousy. (Valleywag had gotten wind of these plans last month.) An internal memo sent by CEO Steve Forbes to staff says that print and online sales and marketing will be immediately integrated, reporting up to an "office of the chairman" which includes Forbes.com publisher Jim Spanfeller, whom rumors had previously pegged as the head of the combined operation. Integration of the Web and print editorial staff won't happen until early 2009. Translation: No one in the newsroom will know what's happening to their job until next year. Here's the memo:

The martyr of Tesla Motors

Owen Thomas · 11/04/08 12:40PM

Having laid off 75-some employees and run his electric carmaker's cash balance down to $9 million, what is Tesla Motors CEO Elon Musk busying himself with? Conducting a witch hunt to find who leaked Tesla's financials to Valleywag. The Truth About Cars has published an email it claims is from Musk, which includes a letter apology from R&D director Peng Zhou. The only thing that's curious: Our tipster said he'd been at Tesla for four years. Zhou has only been there for two years. In Musk's haste to find someone to blame, did he extract a forced confession from the wrong man?

In-house gym Cisco's new profit center

Owen Thomas · 10/31/08 03:00PM

Cisco, the San Jose-based networking-equipment giant, is closing its free campus gyms — and replacing them with a new, larger one for which employees will have to pay $20 a month. In explaining the change, Cisco's HR team has claimed it's subsidizing the price of the gym, as well as other health facilities at the same site by 90 percent. So, what, the gym would actually cost $200/mo. at market rates? Must be some gym. Check it out in this video a Cisco source smuggled off-campus, and read Cisco's memo, which touts the loss of free gyms as bringing a "positive return on investment for Cisco." If you're feeling brave, crash the gym's grand opening on Monday.

Will Yahoo please just fire everyone at once

Paul Boutin · 10/29/08 04:40PM

One sure thing worse for morale than a layoff is a multiple-stage layoff. Jason Calacanis told you not to do that. Valleywag's publisher sacked everyone early, and at the same time in multiple timezones. So the old saying was true: "If you don't know what's going on by now, it means you still work here." I get to sweat it out for Owen for another quarter. A Yahoo employee — for now — tells us it's the other way around there. The scariest part of the job, says our tipster, is not knowing whether to work or go jobhunting.

Apple, Google oppose gay marriage ban, while Yahoo stays silent

Owen Thomas · 10/24/08 02:40PM

Google crossdresser-in-chief Sergey Brin got his company, after contentious internal debate, to express opposition to Proposition 8, a California ballot initiative which would ban the same-sex marriages rendered legal earlier this year by the state's Supreme Court. Now Apple, too, has expressed its corporate views, donating $100,000 to the No on Prop 8 campaign. Who hasn't weighed in? Yahoo.We hear that CEO Jerry Yang wrote a long, rambling, presumably uncapitalized email to the troops explaining why the company, which is otherwise outspoken on gay rights, is not taking sides on the issue. Gay employees at Yahoo are purple with rage. Will someone forward us the memo? We'd love to read Yang's explanation of why, once again, he can't make a decision one way or another. (Disclosure: I got married to my husband last month, and recently held a fundraiser in opposition to Proposition 8.)