Say what? Yang's right as Yahoo's CTO, Semel says
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Blog: There's no small irony in Terry Semel's suggestion last week that Jerry Yang "think hard about being our CTO."
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(InfoWorld) - Terry Semel ended his six-year run as Yahoo's CEO on Monday, and the company's co-founder Jerry Yang will take over from him, the company said. Semel has been the focus of intense criticism in the past two years due to Yahoo's inability to capitalize as much as expected on the fast-growing market for search engine advertising. By contrast, Google has enjoyed eye-popping revenue growth and enviable profits almost exclusively from the search advertising market. Last week, at Yahoo's annual shareholder meeting, Semel fielded stinging criticism from shareholders in attendance, leading to tense exchanges at times. Semel resigned from his position as CEO and chairman and will become the role of non-executive chairman and serve as advisor to the management team. Semel became chairman and CEO in May 2001. The board of directors appointed Yang, who cofounded the company 12 years ago, as CEO, and Susan Decker, former executive vice president and head of Advertiser and Publisher Group, as the company's president. In a webcast, Semel said he had told the board that he wanted to step back from his executive role "sooner rather than later" and that he and the board agreed this would be a good time for him to step down as CEO. "I've long been talking to the board about the importance of ensuring a smooth succession to Yahoo's senior leadership," Semel said. Semel expressed full confidence that Yang and Decker are the right people to carry Yahoo "through its multiyear transformation" while acknowledging that the past year has been a difficult one for Yahoo and that no one in Yahoo's management has been satisfied with the company's performance. (More to follow.)
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Yahoo Inc.  on Monday  tapped co-founder Jerry Yang to replace Chief Executive Terry  Semel, bowing to investor pressure as the Internet media  company has failed to keep up with rival Google Inc. .
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Yahoo Inc.'s Jerry Yang, who started the company as a Stanford University student 12 years ago and took the helm as chief executive Monday, said he's gearing up for a long fight with Google Inc.
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The $160 million deal signals that Semel &amp; Co. will mount the biggest challenge yet to Apple&#39;s dominance of online music. Since grabbing the helm at Yahoo (YHOO ) in 2001, CEO Terry Semel has banked on key
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YAHOO chief Terry Semel has been put on notice by shareholders that he must improve his performance if he wants to keep the lucrative job.
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Yahoo! hopes to mimic Apple's success: the maker of the iPod famously rehired its founder to deliver technological inspiration. Now it is Yahoo!'s turn. The internet giant has appointed Jerry Yang (pictured right), its 38-year-old co-founder, as chief executive, to lead the fight against Google.
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The software maker lets a few details out during an employee Web cast to discuss Yahoo bid. It's just one of many product tidbits I expect to come out as part of regulatory filings associated with the offer.
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Just before Google Inc. went public nearly three years ago, Yahoo Inc. Chairman Terry Semel assured a roomful of securities analysts and money managers that his company would remain the Internet's brightest star. To punctuate his high hopes, Frank Sinatra's "The Best Is Yet to Come" played in the background.
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SUNNYVALE, Calif., June 18  /PRNewswire-FirstCall/ -- Yahoo! Inc. , a leading global Internet company, today announced that the Board of Directors has appointed Jerry Yang, Yahoo! co-founder and long-time board member, as Chief Executive Officer.
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Yahoo Inc  nonexecutive  Chairman Terry Semel is leaving the board, the Internet company  said on Thursday, announcing the end of its formal ties with  the ex-CEO credited with reviving the company and then losing  touch.
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Frightened by angry stockholders Yahoo! CEO Terry Semel has resigned in the face of ongoing criticism from stock holders. He will be replaced by Yahoo! co-founder Jerry Yang, with former CFO Susan Decker taking over as president of the company.â¦
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In a surprise move, Yahoo's board announces co-founder Jerry Yang will replace Terry Semel as CEO of the company. Semel will stay on as non-executive chairman, and former CFO Susan Decker will become president of the company.
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Semel leaves after six years.  SAN FRANCISCO  -- Yahoo Inc. Chairman Terry Semel ended his six-year tenure as CEO Monday and will hand over the reins to co- founder Jerry Yang in the Internet icon's latest attempt to regain investor confidence.   Semel, 64, will remain chairman.
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Yahoo Inc's Jerry Yang will seek on  Monday to demonstrate in his first major speech since taking  over as chief executive in June the inroads the company is  making putting Web services on mobile phones.
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Jerry Yang has failed to impress in his first seven months as Yahoo CEO. If he doesn't get his act together soon, he may not last another seven months.
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It's very clear now that one of Yahoo's principal goals in this latest reorganization, led by once-and-future CEO Jerry Yang and newly elevated President Susan Decker, is to distinguish itself from Google rather than catch up to it.