About time Jerry became CEO. Although not the savior some will make him out to be, I expect Jerry to be able to right the ship and restore some dignity to the company. Jerry and Sue are a competent and capable management team. And although it’ll be a pipe dream, I hope Semel is stripped of some of those options/RSU’s.
Yahoo’s Terry Semel steps down as CEO – Yahoo! News
SAN FRANCISCO – Yahoo Inc. (Nasdaq:YHOO – news) Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. â?? a losing battle that had demoralized Yahoo’s shareholders and employees.
The Sunnyvale-based company appointed co-founder Jerry Yang as its new CEO and named Susan Decker as its president.