Yahoo! Terry Semel Is Out??
Yahoo! (YHOO-NASDAQ) is trading up about 2% in early trading on market rumors that Terry Semel is either out or on his way out. Is this true? Well, he didn't give this impression just last week and the company would have probably kept him from speaking too much if it was going to force Semel out. We have been pretty vocal about Terry Semel needing to leave. There was actually a point where he was the right guy at the right time, but that was a temporary issue and his value to the company was in the past. Semel came in at a time when the company needed someone with tenure and real world experience.
Can the above be true??
My opinion is that whatever the action of Yahoo! Board of directors took, the current Board member lack the solid credential to take the top job.
It is better for yahoo to find a season boomer Senior executives to run the Business.
In my opinion, there are too many in fighting in Yahoo. As many are eying the $1XXmillions a year job.
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