Terry Semel - Jerry Yang - Yahoo's Chief Steps Down - Co-Founder Takes Helm in Shake-Up - Washington Post
Excerpt:
"Yahoo's chief executive Terry S. Semel resigned yesterday as part of a management shuffle designed to reverse flagging fortunes as the company continues to lose ground to rival Google.
Semel, 64, who led Yahoo for six years and helped revive the company after the Internet bubble burst, will retain the title of non-executive chairman and remain in an advisory role while Jerry Yang, Yahoo's co-founder, takes over as chief executive. As part of the shake-up, Susan Decker, an executive vice president who headed Yahoo's advertiser and publisher group, becomes president.
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