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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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