Yahoo! shareholders cannot take it any longer and Terry Semel is forced to quit... Can Yahoo! now chart a better future?
Dis
grace is his middle name today. But ‘poor’? Certainly not! Terry Samel, the man Yahoo! Shareholders now love to hate and also blame for all things wrong with the company (be it falling market share, attrition at higher management levels or plummeting share prices) has finally gone the way out, as the Yahoo! CEO position is taken up by Jerry Yang, one of the co-founders of the company. But like we said, he is hardly poorer, as he leaves the company after having made a cool $500 million plus via stock options! Stated Yang on the announcement, “It’s been a real honour to work with Terry over the last six years, and it is an emotional time for us at Yahoo!.”
For Complete IIPM Article, Click on IIPM Article
Dis
grace is his middle name today. But ‘poor’? Certainly not! Terry Samel, the man Yahoo! Shareholders now love to hate and also blame for all things wrong with the company (be it falling market share, attrition at higher management levels or plummeting share prices) has finally gone the way out, as the Yahoo! CEO position is taken up by Jerry Yang, one of the co-founders of the company. But like we said, he is hardly poorer, as he leaves the company after having made a cool $500 million plus via stock options! Stated Yang on the announcement, “It’s been a real honour to work with Terry over the last six years, and it is an emotional time for us at Yahoo!.”For Complete IIPM Article, Click on IIPM Article
Source : IIPM Editorial, 2007
An IIPM and Professor Arindam Chaudhuri (Renowned Management Guru and Economist) Initiative
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