Technology news and Jobs 
Information Technology News Beleagured Yahoo CEO Semel makes way for co-founder
Information Technology News Beleagured Yahoo CEO Semel makes way for co-founder | Beleagured Yahoo CEO Semel makes way for co-founder |
|
| by Stan Beer | |
| Tuesday, 19 June 2007 | |
  
Featured Whitepaper
5 Best Practices for Smartphone Support
Semel said, "The Board and I have long talked about the importance of ensuring a smooth succession in Yahoo!'s senior leadership – and more recently, about the need for a leadership team committed to carrying Yahoo! through its multi-year transformation. As we discussed my future goals and plans, I was clear in telling the Board of my desire to take a step back sooner rather than later." Director Ed Kozel, speaking on behalf of the Board, said, "We believe there is no better person in the world to run Yahoo! now than our visionary co-founder Jerry Yang, who has helped build and run this company over the past 12 years. Jerry provides phenomenal strategic, technical, product and market leadership, has developed important relationships with major business partners, and has defined and nurtured Yahoo!'s unique, winning culture." Despite the motherhood statements, however, Yahoo faces some serious challenges going forward. Clearly outgunned in the search advertising business by an increasingly powerful, cashed up and profitable Google, Yahoo may have to consider a merger with another online player to stay in the hunt. Recent rumours have been the prospect of mergers with Microsoft and AOL, as well as other online players such as social networking sites MySpace and Facebook.{moscomment} |
Tags
| < Next story in category | Previous story in the category > |
|---|
