Is Terry Semel On The Chopping Block?

An article appearing in Yahoo Finance today outlines several missteps that the company has taken, all of which have led to the precarious position it finds itself in when compared to the enormous success and gargantuan search share that Google boasts.

Yahoo seems to keep moving in the wrong direction when it comes to search.

The Semel bashing doesn’t stop there, however, as Jackson also takes the opportunity to call for the replacement of the much maligned CEO, along with most of the company’s Board of Directors:

Terry Semel, Robert Kotick, Roy Bostock, Ron Burkle, Eric Hippeau, Arthur Kern, and Gary Wilson should be Immediately Replaced on Yahoo!’s Board of Directors. Terry Semel ultimately reports to Yahoo!’s board of directors. The board must be held accountable for the numerous missteps outlined above. Of the 10 directors, we believe 7 should resign or Yahoo! shareholders should withhold votes for them at Yahoo!’s 2007 annual meeting of shareholders.

We are in favor of only Jerry Yang (a Yahoo! co-founder), Ed Kozel, and Vyomesh Joshi returning. The latter two recently purchased shares directly in Yahoo!, while the other Yahoo! directors have only exercised stock options of late.
The irony, of course, is that this article had been prominently featured on Yahoo’s popular

Suggest a Correction

Found an error or have a suggestion? Let us know and we'll review it.

Your Name *

Your Email *

Correction Details *

Submit Correction