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June 18, 2007
See Ya, Semel: Terry is Out at Yahoo
Whoa, good call by me over and over (and over) on CNBC about Terry Semel's tenure at Yahoo. The company's beleaguered and failing CEO is out, as of market close tonight, with Jerry Yang taking his place. Mind you, Semel is apparently staying on as "non-executive chairman" and as an "important resource" at Yahoo, a euphemism which put me in mind of some combination of Sunnyvale taxi driver and Sparkletts delivery guy.The stock is up on the news, which will irritate my friend Herb to no end, but makes me right in what I've been saying on CNBC for some time. The post-Semel conference call starts momentarily here.
More in a few moments.
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Here's the blueprint for how this company can be turned around: http://sramanamitra.com/blog/1147 (multiple embedded links in the article to follow).
Mr Kedrosky: with all due respect to your "call", this was about as predictable as the return of Halley's comet (and took about as long).
Yahoo!