Semel out, Yang in
p2pnet.net news:- Yahoo founder Jerry Yang has taken over as the company’s ceo, replacing Terry Semel.
Was the shift in control made because of increasing visibility due to alleged human rights violations, signalling a change in policy and attitude?
No. Semel is leaving after Yahoo, “lost its lead in Internet advertising to Google and the shares fell 35 percent last year,” says Bloomberg News.
Yang will hire engineers and improve the company’s technology to regain ground, remarks which, “raised concern among investors” that it’ll, “increase spending when it may not have the resources to slug it out,” says story, going on, “If Yang stumbles, Yahoo, owner of the second most-popular Internet search engine, may fall further behind.”
Also See:
human rights violations - Yahoo ‘dismayed’ by China jailings, June 12, 2007
Bloomberg News - Yahoo’s Yang Digs in for `Long Haul’ Against Google, June 19, 2007
If your Net access is blocked by government restrictions, try Psiphon from the Citizen Lab at the University of Toronto’s Munk Centre for International Studies. Go here for the official download, and here for details. And if you’re Chinese and you’re looking for a way to access independent Internet news sources, try Freegate, the DIT program written to help Chinese citizens circumvent web site blocking outside of China. Download it here.
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