9 July 2012: Do we want racial diversity? Yahoo! CEO search and Costco expands

Racial diversity survey by Leadership Management Australia of 2000 AU and NZ businesses: 66% embrace cultural diversity, 50% think it brings benefits, 45% of business leaders do not want their organisations to be more diverse, 30% of employees do not want their organisations to be more diverse. [CR: Does that mean they are diverse enough, or that they just don’t want anyone not like them?](Lucille Keen)

Yahoo! Looking for new CEO. Hulu CEO Jason Kilar declined the role. Five executives have taken the role since 2009. Scott Thompson left in May after failing to correct an error in his academic credentials. Yahoo! Shares have fallen 1.7% this year. [CR: Five CEOs in three years... You could take it and say “What’s the worst that can happen?] (Brian Womack)

Retailer Costco set to expand to second stores in Melbourne and Sydney, with plans for stores in Brisbane and Adelaide [CR: strange reading this, when I remember shopping in Costco when it first opened as a kid in Seattle in the 80s.]