New Yahoo CEO!!!
Despite Yahoo"S recent struggles, Semsl received another big bundle of stock otions last year that boosteed the value of his 2006 conpensation package to $71.7 m.
After exasperating investors for the most of last 18 months, Yahoo inc chairman Terry Semel finally found a way to please Wall Street by stepping aside as chief executive. It came a week after he faced off with shareholders disillusioned with the company's lack of performance as internet seach leader Google inc pulled further ahead in the lucrative online advertising market.
The malaise had contributed to a nearly 30% drop in yahoo"s stock price since the end of 2005. To fill the void created by Semel"s departure Yahoo appointed company co-founder Jerry Yang as its new CEO and named Susan Decker as its President.
Wall Street applauded the new pecking order. Yahoo shares gained 81% finished at $28.12 or 4.7%.
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