Tuesday, June 12, 2007

Yahoo CEO on The Hot Seat

Yahoo's Chairman, Terry Semel,had assured securities analysts and money managers that his company would remain the internet's brightest star. That was just before Google Inc. went public nearly three years ago. Since then Google has so nearly eclipsed its rival, that a growing number of Yahoo shareholders believes the company would be better off without Semel. There are about 80 Yahoo stockholders who own a combined 2 million shares in the company. Semel could very well face a chorus of discontent when he takes the stage at Yahoo's annual shareholders meeting today.

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