It was a management shake-up that brought Terry Semel to step aside from his Chairman and Chief Executive position at Yahoo. It was an obvious response from a company that has failed to keep up with Google.
In a statement, Semel said that it was “my desire to take a step back sooner rather than later. This is the time for new executive leadership, with different skills and strengths, to step in and drive the company to realize its full potential â€“ it is the right thing to do, and the right time is now.”
Yahoo’s new CEO will be coming from the old Yahooâ€“ Jerry Yang. Will the old Yahoo bring in something new?
In this blog post, Yang writes about his new job.