Yahoo, Aiming for Agility, Shuffles Executives
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Yahoo is restructuring its operations and shuffling its management in the hopes of competing more effectively against nimbler rivals.
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Yahoo has promoted David Karnstedt to head of North American sales, continuing a company restructuring that began in December 2006.
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Blog: Yahoo Finance general manager leaves
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Vince Broady, a senior vice president in Yahoo's media group, is the latest executive to leave the company as his duties are scaled back.
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Terry Semel is stepping down as Yahoo&#39;s non-executive chairman, six months after handing over his CEO title to Jerry Yang.Semel is leaving the board effective immediately, Yahoo announced Thursday. He will be replaced as non-executive chairman by another board member, Roy Bostock, the company said.Semel was chairman and CEO of Yahoo for six years until he was replaced in a management shuffle last June. Yang, one of Yahoo&#39;s co-founders, was made CEO, and Semel was demoted to non-executive chairman.As CEO, Semel helped to build Yahoo&#39;s audience from 170 million to more than 500 million users. But he was also blamed for missteps that allowed Google to build a commanding lead in online search and advertising, prompting last year&#39;s reorganization.&quot;With the Company moving forward under new leadership, I believe this is an appropriate time for me to step down from the board,&quot; Semel said in the statement.He approached the board several months ago about leaving once a replacement could be found, Yahoo said.Bostock has a long history in the advertising industry, &quot;an area that is more important than ever to Yahoo&#39;s business and our long term success,&quot; the company said.On Tuesday&#160;Yahoo reported that net income for its fourth quarter declined&#160;to $206 million, from $269 million a year earlier. It also announced plans to lay off about 1,000 staff.Semel&#39;s departure from the board appears to mark the end of his tenure at Yahoo. Yang thanked him for &quot;his many contributions to Yahoo over the years&#160;-- and for helping to lay a firm foundation for future success and improved financial performance.&#8221;Bostock has been a board member at Yahoo since May 2003 and was elected unanimously by the board to replace Semel. From 1990 to 2000 he was chairman and CEO of D&#39;Arcy Masius Benton &amp; Bowles, and its successor advertising company The MacManus Group.
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Struggling Internet giant Yahoo brought back co-founder Jerry Yang as chief executive Monday to replace Terry Semel as the company girds up to fight back the Google juggernaut.
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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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Yahoo Inc.  on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor as CEO and simplifies its structure as it battles faster-growing rival Google.
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By Michael Liedtke  Yahoo Inc. is tackling its most difficult challenge since the dot- com bust with sweeping organizational changes aimed at cleaning up a mess of the Internet icon's own making.
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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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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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Yahoo Inc.  on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor to the CEO and simplifies its structure as it battles faster-growing rival Google.
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Yahoo Inc. on Monday replaced Chief Executive Terry Semel with its co-founder Jerry Yang, bowing to investor pressure as the Internet media company has fallen behind Web search leader Google Inc..
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Cammie Dunaway latest in series of executives to leave search company Yahoo.
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Yahoo announces a restructuring drive, as it attempts to simplify its business and take on rival Google.
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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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Yahoo Inc has been  slow to react to sweeping changes in Web consumer behavior and  online advertising shifts, but it is picking up its pace, its  top executives said on Tuesday.