So ... Was CEO Terry Semel really so bad that he had to resign?
In a word, yes.
In my opinion, Terry Semel needed to be shown the door long ago and should have made a quiet, respectful and pride-saving exit from Yahoo! (NASDAQ: YHOO). I'm not happy with the way his resignation is now being handled either. He should be moving down the road to new and exciting endeavors, leaving Yahoo! to formulate its own new plans. Instead, he has gingerly stayed in his chairman role, in a non-executive role, hanging around like the brother-in-law who just wrecked your car and says he'll help you fix it.
Don't take my word for it, though. A flood of commentary from all across the web includes such things as:
"...it's safe to say, (the share holders) are not happy at all with the current performance and are sending a message loud and clear, Terry Semel's got to turn things around" - RSS Micro
Five winners of a weak dollar
For a quick-read on the U.S. economy, check the price of gasoline
Closing Bell: What Friday 13th curse? (ANF, BA, GENZ, DIS, PALM, PLA)
