Terry Semel, Yahoo! CEO, Resigns

Terry Semel, the CEO of Yahoo resigned today after his 6 year run at the company. Semel stepped down amidst growing fear that the company could not keep up with Google’s tremendous growth. Today, Google has almost twice the number of sales as Yahoo. Jerry Yang, the co-founder of the company will fill Semel’s position while Susan Decker will become the company’s new president. Wow, talk about being totally caught by surprise. We’ll have to wait and see how this arrangement works out.

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