Market scorns Semel's reshuffling atop Yahoo
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Yahoo Inc. chief executive Terry Semel may have failed in his attempt to ease investor concern about the Internet company's plunging stock price and inability to catch up to Google Inc.
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Zimbra customers appalled atÂ the company's planned acquisition by YahooÂ are speaking out, saying they are vexed by the deal and upset over its possible negative consequences.
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(InfoWorld) - Terry Semel ended his six-year run as Yahoo's CEO on Monday, and the company's co-founder Jerry Yang will take over from him, the company said. Semel has been the focus of intense criticism in the past two years due to Yahoo's inability to capitalize as much as expected on the fast-growing market for search engine advertising. By contrast, Google has enjoyed eye-popping revenue growth and enviable profits almost exclusively from the search advertising market. Last week, at Yahoo's annual shareholder meeting, Semel fielded stinging criticism from shareholders in attendance, leading to tense exchanges at times. Semel resigned from his position as CEO and chairman and will become the role of non-executive chairman and serve as advisor to the management team. Semel became chairman and CEO in May 2001. The board of directors appointed Yang, who cofounded the company 12 years ago, as CEO, and Susan Decker, former executive vice president and head of Advertiser and Publisher Group, as the company's president. In a webcast, Semel said he had told the board that he wanted to step back from his executive role "sooner rather than later" and that he and the board agreed this would be a good time for him to step down as CEO. "I've long been talking to the board about the importance of ensuring a smooth succession to Yahoo's senior leadership," Semel said. Semel expressed full confidence that Yang and Decker are the right people to carry Yahoo "through its multiyear transformation" while acknowledging that the past year has been a difficult one for Yahoo and that no one in Yahoo's management has been satisfied with the company's performance. (More to follow.)
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Blog: Eric Jackson, the man who asked Yahoo CEO Terry Semel if he had a 'fire in the belly' for his job, is preparing to launch a new Internet-based campaign against another under-performing company.
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Bleeding market share, managerial talent and investor confidence, Internet giant Yahoo on Monday replaced chief executive Terry Semel with company co-founder Jerry Yang.
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Major management shakeups have become frequent at Yahoo in the past 10 months, as the company urgently tries to compete better, not only against archrival Google Inc. but also against nimble start-ups, and turn around its generally disappointing financial performance.
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Some new features may give Yahoo! shareholders reason to shout.
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After Jerry Yang and Sue Deckerâs conference call on Tuesday, Yahooâs shares plunged. Now, the companyâs customers and employees are left to wonder whatâs next.
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Terry S. Semel, the ex-chief executive who is credited with reviving Yahoo and then losing touch, is leaving the companyâs board.
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Yahoo Inc. on Monday tapped  co-founder Jerry Yang to replace Chief Executive Terry Semel,  bowing to investor pressure as the Internet media company has  failed to keep up with rival Google Inc..
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Oh! Noes! Yahoo! is using the departure of its US head of sales to reorganise its sales department.â¦
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Terry Semel has quit as  chairman of the board of Yahoo, the company said late Thursday.
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Frightened by angry stockholders Yahoo! CEO Terry Semel has resigned in the face of ongoing criticism from stock holders. He will be replaced by Yahoo! co-founder Jerry Yang, with former CFO Susan Decker taking over as president of the company.â¦
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Yahoo! delivers more bad news to shake up the Street.
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Yahoo Inc  nonexecutive  Chairman Terry Semel is leaving the board, the Internet company  said on Thursday, announcing the end of its formal ties with  the ex-CEO credited with reviving the company and then losing  touch.
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Terry Semel  resigned under pressure on Monday as CEO of Yahoo Inc., and the  company handed the reins back to Jerry Yang, the billionaire  co-founder of the search engine that became one of the  Internet&#39;s earliest success stories.
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Yahoo Inc.  on Monday  tapped co-founder Jerry Yang to replace Chief Executive Terry  Semel, bowing to investor pressure as the Internet media  company has failed to keep up with rival Google Inc. .