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Terry Semel resigns as CEO of Yahoo!
egoldstein
follow
6
6-18-2007 7:01 PM
916 views
tags:
yahoo
,
internet
,
terry semel
,
business
,
web
egoldstein
says:
This is big. Sounds like it was a voluntary move on his part. Will be very interesting to see how Yahoo! moves from here.
2 Comments
|
Add a Comment
6-18-2007
7:12 PM
The REAL Napster
The guy obviously didn't need a parachute if he had options of 450 million already. I still don't think Yahoo can hold up against Google much longer.
6-19-2007
12:51 AM
mugofcoffee
this IS big egold...still google needs a healthy competition to avoid taking hold of the reins of our big bad world!
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://www.clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/36e59f17-d96b-4933-8d58-03998fc00b4c/A882C0F9-BEEA-49B1-A944-88309424EA47/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://biz.yahoo.com/ap/070618/yahoo_semel.html?.v=17" href="http://biz.yahoo.com/ap/070618/yahoo_semel.html?.v=17" style="font-size: 11px;">biz.yahoo.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/070618/yahoo_semel.html?.v=17">Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. -- a losing battle that had demoralized Yahoo's shareholders and employees.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/070618/yahoo_semel.html?.v=17">The Sunnyvale-based company appointed co-founder Jerry Yang as its new CEO and named Susan Decker as its president.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://biz.yahoo.com/ap/070618/yahoo_semel.html?.v=17">Signaling Semel's decision was voluntary, Yahoo said he will not receive a severance package. The former movie studio executive already has made a fortune since joining Yahoo in May 2001, having realized nearly $450 million in gains by exercising some of the stock options that he received during his tenure.</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/A882C0F9-BEEA-49B1-A944-88309424EA47/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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