Terry Semel resigned from his CEO post at Yahoo late Monday, stepping aside to let cofounder Jerry Yang take the helm as the portal looks to keep shareholders happy, regain its early dot-com glory and better compete with rival Google. Semel arrived at the Internet company in 2001 with high hopes that his Hollywood background — he had been an executive at Warner Bros. — would help transform Yahoo, which many saw poised for long-term success as the rise of broadband made the Web a destination for entertainment.
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Original post by Keith Regan and software by Elliott Back
