News came out today that GM and Chrysler seek an additional $22 billion in aid from the government. That's in addition to the $17.4 billion already committed. I just can't see throwing good money at a poorly run business. It's one thing to bail out banks because credit markets affect a lot of people. However, bailing out an automaker that continually makes poor decisions and even poorer cars is crazy. As a condition of any bailout money, I would request that all the CEOs and upper management be fired. I applaud what Ford has done in not requesting bailout money. Of the three US auto manufacturers, I'd most likely buy a car from them. Isn't it telling that the car maker that churns out the better products is the one that least needs help?

AllThingsD is reporting that Carol Bartz (previously CEO of Autodesk) has accepted the Yahoo CEO position. Good move for her as there are only a handful of companies with iconic status in Silicon Valley (if not the country). It's interesting how CEOs tend to reflect the state of where a company is and will most likely go. When Koogle was CEO, he was basically brought in as the adult to mind the store the kids built. His tenure was marked by impressive growth but not really sure if he was the driving force behind that or more just the conductor of the train already on track to do what it was going to do. Next was Semel who was brought in because Yahoo no longer wanted to be a tech company but a mass media player with its hands in Hollywood, Madison Ave, etc. Yang's short tenure saw Yahoo try to get back to its tech roots, albeit with little or no success. What will the Bartz era bring? Probably sound management with a focus on maximizing profits and shareholder value. Whether that means trimming more fat or selling off a business unit for a pretty penny (perhaps Search to one S. Ballmer?), I'm not really sure. One thing that's certain is that Bartz is a very capable business manager, often compared to Mark Hurd over at HP. I hear he's done an ok job.
 
Of bigger concern to me is the fact that in a way, Yahoo was able to get an insider without getting an insider. In my opinion, the whole point of a new CEO was to inject new life into the company - get an outside perspective because the inside one was not working. Bartz has had a prior relationship with both Yang and Decker (sits on Cisco board with Yang, Intel board with Decker) and are good friends. Let's hope that their prior relationship doesn't prevent Bartz from doing what needs to be done.

Netflix and TiVo had announced they were launching their streaming service over 4 years ago but it finally hit mainstream today. Check it out here. As a long time customer of both services, I was hoping for something like this to happen years ago. TiVo's CEO, Mike Ramsay, sat on Netflix's board for a long time (he no longer does) and both companies have been close even before their announcement in 2006. I'm not sure if it was a technology issue or a studio permissions that prevented them from moving forward but it was well worth the wait.
 
Overall, I'm very impressed with the service. First, as a Netflix and TiVo subscriber, there's no additional costs. We pay $12.95 for TiVo service and $9.78 for Netflix service each month. I always felt the Netflix fee was well justified but never was happy paying $12.95 for channel listings from TiVo. But now for about $23 a month, I get access to unlimited DVD rentals, unlimited movie streaming, AND TiVo service - a much better value than before. Second, the quality is a lot better than I expected. Most of the movies stream in standard definition. Not great since I've been spoiled by HD video but far from the choppy fair you'd expect from online video. As for the HD streams, those come through remarkably clear. I'm actually quite amazed at the quality of the video coming from a streaming service. It's about the same quality as movies on any of my HD channels. Unfortunately, there are only about 400 HD movies available versus the thousands available in standard definition. Neil Hunt, Chief Product Officer of Netflix, provides a great breakdown of the quality and limitations of the current service. Hopefully, bandwidth speeds in the next few years will increase enough for full 1080p streams.