Yahoo CEO Steps down

[Sjorritsma]

Terry Semel is no longer the CEO

http://money.cnn.com/2007/06/18/news...s/yahoo_semel/

[medicalhumor]

hah, beat me to it

good news for Yahoo

http://biz.yahoo.com/ap/070618/yahoo_semel.html?.v=2

[nusuni]

Hooray! Hopefully Yahoo can get back on track now and go back to their roots that once made them a great company.

[Mia]

Originally Posted by nusuni

Hooray! Hopefully Yahoo can get back on track now and go back to their roots that once made them a great company.

I agree.. I think one of the worst decisions out there was that who SBC/Yahoo thing... Next thing you know we will be seeing the Yahoo web site saying something like, "Yahoo is now the New AT&T".

I still map every trip I take with Yahoo... You cannot beat it for accuracy... MapQuest cannot tell their left from their right, literally.

[nusuni]

Really I think the downfall of Yahoo started around 2003. That is when the whole chat system started imploding (and they put the final straw on the camel's back in 2005), and that was the only reason a lot of users visited yahoo.

[stock_post]

Hope the new guys is better, and wish him good luck.

[adammoro]

Hope the new guys is better, and wish him good luck.

Funny how people automatically assume it's a man. It is interesting though that two of the big Internet companies (eBay and now Yahoo) have women in charge. I'm not anti-woman/man or anything - just making conversation.

[Mia]

Originally Posted by adammoro

Funny how people automatically assume it's a man. It is interesting though that two of the big Internet companies (eBay and now Yahoo) have women in charge. I'm not anti-woman/man or anything - just making conversation.

Ah, because it is a man.. Jerry Yang, one of the original co-founders of Yahoo is now the CEO.. They do have a Women President however..

[awiekupo]

So Jerry Yang is the new CEO? Is it official?

[Mia]

According to what I read on CNN earlier today, yes. You can read it here.

"Co-founder Jerry Yang is replacing Semel."

[internetguy]

These are interesting times... let's see what Jerry can do to give Google a run for their money.

[JKPS]

Making way for Microsoft ?

[jumong79]

I hope many great things will happen to yahoo this year.

[ArcticPro]

Originally Posted by internetguy

These are interesting times... let's see what Jerry can do to give Google a run for their money.

I wonder if the original CEO of Yahoo returning will be like Apple's original CEO returning (Steve Jobs) as great as they are doing.

[JKPS]

The new CEO is Jerry Yang

The title of Chief Yahoo takes on new meaning today. I have the great honor of stepping into the role of Yahoo!’s Chief Executive Officer. Yahoo! has an incredibly bright future and I make this move with deep conviction and enthusiasm. I’ve partnered closely with our executive teams for 12 years to steer our strategy and direction and today I’m ready for this challenge.

Today also marks the close of a great chapter in my life with Terry Semel as my partner. Since coming on board in 2001, Terry has given Yahoo! six of its best years. He delivered great value to our users, advertisers and shareholders. Terry refocused the company on key strategic priorities, and in so doing, helped Yahoo! increase our revenues nearly nine-fold from $717 million in 2001 to $6.4 billion in 2006; boost our operating income from a loss in 2001 to nearly $1 billion last year; and create more than $30 billion in shareholder value during his tenure. He helped grow our audience from 170 million to more than 500 million users globally, and he oversaw the expansion of our base of talented employees from 3,500 to nearly 12,000.

I will always be grateful for the incredible achievements under his leadership — and for his mentorship and friendship. We’ll continue to benefit from his support and guidance as he transitions to his role as our Chairman.

I also couldn’t ask for a better partner in Sue Decker as our new president. In addition to knowing this company inside and out, Sue has incredible talents, leadership abilities, a fierce focus on winning, and intense dedication to this company and its people. I look forward to teaming more closely with her as we pursue our joint vision.

What is that vision? A Yahoo! that executes with speed, clarity and discipline. A Yahoo! that increases its focus on differentiating its products and investing in creativity and innovation. A Yahoo! that better monetizes its audience. A Yahoo! whose great talent is galvanized to address its challenges. And a Yahoo! that is better focused on what’s important to its users, customers, and employees.

The past year has obviously not been an easy one for us. But we’ve taken important steps to address the challenges we face, and we’re starting to realize some of the benefits – especially with the successful launch of Panama, which continues to receive positive feedback from advertisers and is exceeding our expectations. By the way, that’s directly attributable to the operational excellent mentality Terry has instilled and is a clear sign one of his most critical initiatives is succeeding.

We have incredible assets. This company has massive potential, drive, determination and skills, and we won’t be satisfied until the external perception of Yahoo! accurately reflects that reality.

I have absolute conviction about Yahoo!’s potential for long-term success as an Internet leader. Yahoo! is a company that started with a vision and a dream and, make no mistake, that dream is very much alive. I’m committed to doing whatever it takes to transform Yahoo! into an even greater success in the future.

The time for me is right. The time is now. The Internet is still young, the opportunities ahead are tremendous, and I’m ready to rally our nearly 12,000 Yahoos around the world to help seize them.

Go Yahoo!

Jerry Yang
CEO and Chief Yahoo

From: yodel[dot]yahoo[dot]com

[temi]

There is a lot of question being asked about Yang taking over as CEO.

[readme]

A chinese as CEO now

Didn't expect a change like this

[qwestcommunications]

Yahoo wasted 10's if not hundred's of millions on this guy in stock options. Just because he might have had success in another industry does not mean he would do the same in the internet field. He just did not have a clue.

[qwestcommunications]

Originally Posted by readme

A chinese as CEO now

Didn't expect a change like this

He is a co-founder.

[charlesgan]

IMO... although the yahoo serp is hard to concure.
it still does have its strenght.

regardless what, yahoo is ranked 1st in alexa traffic.
and seeing google at 3rd ranking.

a good job from yahoo as well.