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Yahoo Reorg: Semel’s Last Act

Amidst all this change, not a single word or regret or reality check from Terry Semel in his official blog post on Yahoo corporate blog. Earlier today we did a post about whether Semel should be fired by the board. Well, nothing that drastic happened tonight. But you have to believe that this is his last chance…he has survived for another 6 months. Another re-check will probably happen by summer and if any CEO change is to happen, will happen 2007 fall. 
—Semel’s message to the troops includes a not-so-oblique reference to Brad Garlinghouse now-infamous Peanut Butter Manifesto: “Now, I know what you’re thinking — this is all about peanut butter. Actually, we’ve been orchestrating this plan for a number of months as we envisioned the next phase of growth for the Internet.” In other words, we listened but don’t lionize Garlinghouse.

Dec 6, 2006 12:44 AM ET

Posted In: Companies, Yahoo

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