Centralising the server
Yahoo! has been at the cutting edge of the internet revolution for the past 10 years, but its treasury risk management team has been relatively conservative in its use of derivatives. Jayne Jung talks to Yahoo! treasurer Gideon Yu
If you surf the internet, chances are you've encountered Yahoo!. On average, its websites get around 3.6 billion hits a month. In just 12 years, Yahoo! - which stands for 'yet another hierarchical officious oracle' - has grown from a small non-commercial project run by two Stanford University graduate students into a mainstay of Corporate America with a market capitalisation of around $41 billion as at August 18. Given its size, one might assume that the corporate is a big end-user of
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