Yahoo Nulpts Semel; Yang In as CEO

June 19, 2007 · Filed Under Odds and Ends, Search Related 

What many have predicted for months appears to be coming true… Yahoo has nulpt CEO Terry Semel and will be replacing him with co-founder Jerry Yang. Alongside Yang, Sue Decker is expected to take seat as Yahoo! president.

Details on the exit are vague at this point, other than a couple of points. First, Semel seems to have “stepped down” from the position. After last week’s shareholder revolt though, I wonder just how much of his decision was based on choice. My bet is about 3%. I’m pretty sure the $71 million he had in options in 2006 were reason enough to retire…

Yahoo Nulpts Semel; Yang In as CEOThe good news is that Jerry Yang seems to be the man for the job — not just an interim guy to hold the fort down. Like Yahoo, I believe that Yang gets search, and won’t invest heavily in entertainment like Semel did.

Yahoo has a chance to kick Google’s ass if they play their cards right. I just hope this wasn’t too little, too late.

Quick Links on the Developing Story…
Yahoo’s CEO, Terry Semel, To Be Replaced By Jerry Yang
Yang & Decker Take Over Yahoo While Semel Steps Aside
Yahoo shakeup a sign company’s bet on content failed to trump technology
Yahoo! Up on ‘Semel Is Out’ Rumors
Terry Semel steps down as CEO of Yahoo!
Yahoo!’s Semel Steps Down

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