Jerry Yang, one of Yahoo!’s founders was named to the CEO position. Terry Semel becomes Non-Executive Chairman, and Sue Decker becomes President.

Valleywag commented that Yang is no Steve Jobs and that the press release “is one of the most nauseating examples of corporate doublespeak I’ve read in a long while.� Jerry Yang, of course, commented that Yahoo! has an incredibly bright future and that he’s honored to be stepping into the role. Terry Semel apparently quit.

Source:? SEJ Blog

Yahoo!, Jerry Yang, CEO, News