Yahoo CEO Semel steps down, Yang takes over
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Blog: The company names co-founder Jerry Yang to be CEO, as Terry Semel shifts to a role as nonexecutive chairman.
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Terry Semel quits as the chief executive of internet search firm Yahoo and is replaced by co-founder Jerry Yang.
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SAN FRANCISCO  --  Yahoo Inc. said Sunday its chief domestic sales officer resigned and that the company will merge its U.S. search and display advertising departments as the Internet powerhouse fights to catch up with search leader Google Inc.
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Yahoo said Sunday that Wenda Harris Millard, its longtime chief sales officer, is leaving amid a reorganization of Yahooâs sales team.
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Blog: Jerry Yang is Yahoo's new CEO. Is he the right choice for leader?
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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.
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SAN JOSE, Calif. _ Yahoo Inc. announced Monday that it has replaced Chief Executive Terry Semel with co-founder Jerry Yang, a week after shareholders expressed strong dissatisfaction with Semel's performance and pay.
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Terry S. Semel, the ex-chief executive  who is credited with reviving Yahoo and then losing touch, is leaving the companyâs board.
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On the eve of Microsoft's $44 billion bid for Yahoo, former Yahoo CEO Terry Semel announced his resignation from the Yahoo board of directors. Semel presided over a multiyear decline in Yahoo's market share, while collecting nearly half a billion dollars in compensation.
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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. on Tuesday announced a reorganization that marks Chief Financial Officer Susan Decker as a potential successor as CEO and simplifies its structure as it battles faster-growing rival Google.
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New York Post says Yahoo's board is starting to split, with some independent directors sensing that CEO Jerry Yang is viewing the bid too emotionally.
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Terry Semel has quit as  chairman of the board of Yahoo, the company said late Thursday.
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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  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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The former ABC executive, who was ousted in a management shakeup at the network in April, has been appointed to oversee Yahoo&#39;s media and entertainment properties.
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SAN FRANCISCO -- Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move Monday, ending his increasingly ineffectual pursuit of online search leader Google Inc. _ a losing battle that had demoralized Yahoo's shareholders and employees.