Was Yahoo's Terry Semel The Worst Internet CEO Ever? (YHOO) We like Terry Semel. He was friendly to us in the brief period in which our Yahoo-Analyst / Yahoo-CEO careers overlapped. As Yahoo shareholders, we also enjoyed Terry's early years as CEO, when Yahoo worked its way through its post-bubble collapse and the stock jumped about 7X. So we will begin this brief essay on Terry's horrific mistakes by giving credit where it is due. Terry got to Yahoo at the time when it needed his skills and experience the most: When it was reeling from the bubble-bursting and in desperate need of both adult supervision and crisp decisionmaking. In Terry's early years, the company turned its display advertising business around, and--for a brief, happy period--almost regained its 1990s mojo. Alas... Then came a series of mistakes that has left Yahoo in today's desperate straits, barely able to control its own destiny. Terry doesn't bear direct responsibility for every one of thes...
The Yahoo! Board of Directors has carefully reviewed Microsoft’s unsolicited proposal with Yahoo!’s management team and financial and legal advisors and has unanimously concluded that the proposal is not in the best interests of Yahoo! and their stockholders.
ReplyDeleteAt the same time Google was also intrested in buying yahoo so terry was looking big oppertunity from both side that may be the reason that he ask for more price then the actual share price at that time.
It's truly sad to see all the opportunity he missed. Yahoo was a great company and could have been the bestEveryone looks like a genius when times are good, and Semel rode that to good effect.
Kawalpreet Singh
MBA-1A