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BUSINESSShakeup at top of Web giant Yahoo Yahoo Inc. Chairman Terry Semel stepped down as chief executive in a surprise move, ending his ineffectual pursuit of online search leader Google Inc. — a losing battle that had demoralized Yahoo's shareholders and employees. The Sunnyvale, California-based company appointed co-founder Jerry Yang as its new CEO and Susan Decker as its president June 18. Decker, who had been touted as Semel's heir apparent, was recently promoted from Yahoo's chief financial officer to oversee the company's advertising operations. Semel, 64, will remain chairman in a nonexecutive role after spending the past six years running the company.
The Japan Times Weekly: June 23, 2007 |
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