After exasperating investors for most of the past 18 months, Yahoo Inc. Chairman Terry Semel finally found a way to please Wall Street by stepping aside as chief executive.
June 20, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
After exasperating investors for most of the past 18 months, Yahoo Inc. Chairman Terry Semel finally found a way to please Wall Street by stepping aside as chief executive.
Semel’s capitulation, announced late Monday, came less than a week after he faced off with shareholders disillusioned with the company’s lackluster performance as Internet search leader Google Inc. pulled further ahead in the lucrative online advertising market.
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