Terry Semel, an old-economy advertising guy, and Sue Decker, a former head of global research on Wall Street, keep their jobs at Yahoo (NASDAQ: YHOO). The one person with tech experience, Chief Operating Officer Dan Rosensweig, gets fired.In the press release, Semel made sure to comment that he will "actively" lead the management team and work closely with co-founder Jerry Yang. I guess we were to assume Semel has been inactively leading the company over the past few years.
It is hard to believe how patient the Yahoo! board has been with Semel. Under his leadership, the company has continually missed its numbers, has attempted to hide weak growth by adding on revenue from acquisitions, and has completely lost the search lead to Google Inc. (NASDAQ: GOOG).
How much longer will it take for the Yahoo!'s board to find the right CEO?
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Reader Comments (Page 1 of 1)
12-06-2006 @ 9:01AM
douglas mcintyre said...
Semel joined in 2001 after an earlier management problem. The stock was around $5 and now trades at about $27. That may buy him some time.
Doug McIntyre
12-06-2006 @ 10:19PM
Anthony said...
I'ts no wonder Yahoo is in complete disarray their new pay per click campaign was supposed to be more like Googles and instead they made it so complicated that their own tech team can't figure it out.
Good job time for me to sell.