Blogs Dissect Yahoo! Shakeup

The Semel-for-Yang CEO shuffle didn't surprise many tech bloggers, whose reactions ranged from hope to doubt to expectations of more change

News that Terry Semel would depart as chief executive of Yahoo! (YHOO) came as little surprise to many of the tech bloggers who have been charting the Internet portal's decline in recent months. Warning signs included slowing growth, sliding shares, upheaval within executive ranks, and disappointment with efforts to narrow Google's (GOOG) lead in Web search. "It didn't take a rocket scientist to realize that Wall Street wanted Semel out," wrote Jon Ogg, operator of 24/7 Wall St. Six months ago, Ogg had included Semel in a list of 10 CEOs who ought to go, and on June 18, the day Semel's move was announced, Ogg noted that five from his list already had headed for the exits. Semel will be replaced by Yahoo co-founder Jerry Yang.

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