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Analyst says Yahoo brain drain means company can finally become the next AOL [Wall Street Wisdom]

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Flickr founders Caterina Fake and Stewart Butterfield are gone from Yahoo and as of yesterday, so is Del.icio.us creator Joshua Schachter. It's great news, says Bernstein analyst Jeffrey Lindsay. This way, Lindsay argues without irony, Yahoo has a much better chance of becoming the next AOL.

Basically, you've got a lot of guys in their 30s and older who are not really contributing that much in terms of innovation. They should clear out and let the 25 year-olds get going again. If you look back at AOL, it had many purges in the post-bubble period, but by and large, it flushed out the people who had been occupying senior management posts for a long time and they didn't make much of a difference to the business.

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