Lloyd Braun, Yahoo's media chief, apparently has called a meeting of his Santa Monica based executive team tomorrow. The speculation is that he is announcing his resignation - something that has been anticipated inside and outside Yahoo for some time. He has not yet been reached for comment.
Braun was hired by Yahoo CEO Terry Semel two years ago after leaving as co-head of programing for ABC. His charge was to help transform Yahoo into a 21st Century web based media company. But the idea of top down programming never caught on with many mid level executives in Sunnyvale, who viewed Yahoo as a company where users, not programmers, decided what they wanted to see.
Indeed, the culture clash between the two organizations very closely tracked the culture clash that has long existed between Silicon Valley and Hollywood, with execs in Sunnyvale working out of cubicles for stock options and execs in Santa Monica - an org now 400 strong - working out of offices with guaranteed contracts and parking places.