Yang Takes Over Yahoo as Semel Steps Aside
Terry Semel, the former Hollywood studio boss, stepped aside at Yahoo!, after 6 years in the executive suite. Co-founder and Chief Yahoo Jerry Yang became CEO (here’s his My New Job memo) , with Sue Drecker as president. Semel will remain as nonexecutive chairman. Yang is seen by some as a placeholder.
Why?
Yahoo lost ad dollars to Google and share price dropped under Semel’s watch. Shareholders got cranky during the annual meeting earlier this month.
Semel
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