Topic: Yahoo CEO Semel resigned Jerry Yang again

Beijing Time June 19 News, according to foreign media reports, Yahoo announced today, the company's current CEO Terry Semel (Terry Semel) under the pressure of the initiative to resign, while the company co-founder Jerry Yang was elected as the new CEO of the board. Terry Semel and Jerry Yang Yahoo announced today that the company co-founder Jerry Yang was appointed CEO. Yahoo's current board chairman and CEO John Terry Semel will serve as chairman of the company's Non-executive board and advisor to senior management team, working closely with the board.　　Yahoo also appointed executive vice president and Advertiser and publisher Group director Susan Decker (Susan) for the company's president. Semel, 64 years old, joined Yahoo and CEO in 2001, primarily responsible for adapting the company's sales team and engaging in mergers and acquisitions such as the acquisition of overture services such as search engine-related advertising providers to push Yahoo into better integration into the Internet search advertising market. But in recent years, Yahoo has not been able to catch up with Google's pace of development, currently, Google's advertising sales are already twice times the size of Yahoo. Although Yahoo's operating performance last year mediocre, but Semel received the equivalent of 71.7 million U.S. dollars of annual salary, so high remuneration, in the 386 listed companies no one around. Semel also told investors at the shareholders ' meeting last week that he still has the confidence to take Yahoo on a revival path.　　Yahoo's first-quarter profit fell 11%, but Semel is counting on Yahoo's new online advertising system to significantly boost its profitability. But this morning, Semel said in a statement that he had already expressed his willingness to resign from the Yahoo board. "It is now up to the new management team to help Yahoo discover the potential value," he said.　　He also said that Jerry Yang and Dirk are the perfect combination, they can lead Yahoo to continue to move forward. It is reported that the new president Dirk will be fully responsible for Yahoo business operations, includes advertisers and distributors, networks, and international business; Mr Yang will be responsible for the technical department and all corporate functions; David Ferro will continue to play a key role in the Yahoo management team, which will be in charge of the technical team during the company's search for a new chief technology officer.　　Yahoo will not pay severance payments to Semel because he has offered to resign and will continue to chair the Non-executive board. The announcement came after Yahoo's share price rose 1.11 dollars, or nearly 4%. Latest News: Biography MySpace will be merged into Yahoo News group 25% According to foreign media reports, Yang's comeback is more convinced that Yahoo may want to launch a more drastic move. May include alliances with rivals, or mergers with Microsoft, Time Warner's AOL or News Corp's MySpace. Semel resignation letter exposed foreign bloggers count its 5 crimes Beijing time June 19, Yahoo CEO John Terry-Semel (Terry Semel) under the pressure of the initiative to resign,Semel's open letter to the board was exposed. To this end, foreign bloggers listed the Semel during the reign of the 5 major mistakes, missed Google was ranked first. Analysis: Yahoo to Hollywood, the return of technology for the Semel in early 2001 to join Yahoo, when the dotcom bubble broken, Yahoo's development prospects worry, share prices continue to fall. To reverse the trend, he changed the direction of Yahoo, hoping to transform Yahoo into an internet-based media giant, providing users with a full range of content and services, including news, personal advertising, digital video and music, and through advertising to benefit from it. Analysts believe that co-founder Jerry Yang will be a new mountain, replacing Semel (Terry Semel) as CEO of the company, meaning Yahoo's previous implementation of the heavy content, light technology strategy to end. Jerry Yang's successor to Semel as Yahoo CEO shares rose 4% the same day Yahoo shares in the regular trading in the day up 81 cents, close to 28.12 U.S. dollars, in the news after the delay in trading, the shares rose by 1.11 U.S. dollars, a gain of nearly 4%. Yahoo's share price has fallen by nearly 30% per cent from the end of 2005. Semel to step down Yahoo or will make a big reshuffle Yang's new mountain also stirred speculation that the company may be more restructuring, including the competition media and technology companies or even mergers. Mr Yang said he would do what he could to make Yahoo more successful in the future and hoped that Yahoo would remain independent and vibrant. Yang said Yahoo will remain independent according to foreign media reports, Yahoo co-founder, the new CEO Jerry Yang said in Monday, Yahoo will continue to operate independently, and will not be bought or acquired by other companies. Cause analysis: Yahoo CEO was besieged by shareholders and asked why Jerry Yang is not the CTO this Tuesday, after the Yahoo annual shareholder meeting, shareholders criticized the boss Semel (Terry Semel) for the poor performance of the company. Despite the condemnation of the Semel, shareholders have listened to the board's recommendations, rejecting proposals such as requiring Yahoo to link employee pay to performance and establish a human rights commission. Shareholders also re-elected the board. Yahoo's board received only 66% shareholder support rate, the CEO of the high salary of June 13 news, according to foreign media reports, Yahoo submitted to the U.S. Securities and Exchange Commission documents show that shareholders currently on board members of the support rate has fallen to 66%, Shows that many shareholders are extremely dissatisfied with Yahoo's board's approval to pay high levels of remuneration to senior executives. Yahoo CEO Semel: I am satisfied with my ability in this Tuesday's shareholder meeting, faced with some of the stakes, Semel said: "Optimistic about Yahoo's development prospects, Yahoo has a lot of opportunities, or even the best time in history." "At a shareholder meeting, a shareholder said he was surprised that Semel did not apologise to shareholders. Shareholders veto CEO salary proposal Semel said to be able to save Yahoo Congress, Yahoo shareholders will notMade a proposal to adjust CEO Terry-Semel salary. In the face of some of the shares questioned, Semel said that Yahoo's prospects for the development of optimism, the ability to restore the current situation. This issue has also become the main contradiction between Yahoo shareholders and Semel. Earlier, Semel received a 70 million-dollar salary last year, while Yahoo's shares plunged nearly 40%. The performance is still unable to raise Yahoo CEO face small shareholder Force Palace at Yahoo shareholder meeting, Yahoo CEO Semel (Terry Semel) may face an awkward situation. "Yahoo has been drifting, and the crux of the problem is Semel." Said Eric Jackson, Yahoo shareholder, Kest Jackson. He is preparing to represent about 80 shareholders holding 2 million shares of Yahoo stock Blog comments: Kang: Yahoo CEO finally or his life also leather this seems to be a sentence: Kong. When the media, Yahoo employees and Yahoo shareholders think Semel incompetent, even if he has the ability to reverse the situation, others can not wait. He seems to have no other choice but to resign.　　Cloth Cotton: Semel quit Jerry Yang comeback founder for business is good or bad? Jerry Yang's mountain, is an interesting sign, not long ago, Dell back out of the lake, have a similar style, is actually professional managers make a mess of business. At home, Ding Lei has repeatedly retreated behind the scenes and back out of the lake, which shows the same problem in the world. Founders too strong, there will be a lot of problems ... Related topics: TW Special Topics: The spread of the school of the top ten it executives who have recently left the IT industry itself is a new industry, technology is changing, the flow of people is faster, of course, including IT executives. Although everyone has a reason to leave, but most of the time, it executives leave, it seems unreasonable.