The chief executive of internet search firm Yahoo, Terry Semel, has quit his position and has been replaced by co-founder Jerry Yang… In the post since 2001, Mr Semel has been under pressure for some time amid disappointing trading results and the growing dominance of rival Google.—Yahoo boss steps down from post
This represents a great opportunity for Yahoo to re-orient their strategic direction.
I’ve written a letter to Jerry Yang on my blog, if you’re interested ;)
I have nothing against the guy, but I think this is the best news for Yahoo in a while. They’re slowly dying and they need to get back on track quickly.