Terry Semel is ceo of yahoo.
Terry Semel (born on February 24, 1943 in Brooklyn, New York, U.S.A.) is a notable American corporate executive who was the chairman and CEO of Yahoo! Incorporated. Previously, Semel spent 24 years at Warner Brothers, where he served as chairman and co-chief executive officer. In June 2007, Semel resigned as CEO due in part to pressure from shareholders dissatisfaction over Semel's compensation (in 2006 - salary $1, stock options worth $70 million) and performance. Semel had earned over $500 million in his tenure at Yahoo, while Yahoo's stock appreciated at 5% per year. In the same period, Yahoo's closest competitor, Google saw stock growth of over 400%.
It was founded by Stanford University graduate students Jerry Yang and David Filo in January of 1994 and incorporated on March 1, 1995.
In January 1994, Jerry Yang and David Filo were Electrical Engineering graduate students at Stanford University. In April 1994, "Jerry's Guide to the World Wide Web" was renamed "Yahoo!". Filo and Yang said they selected the name because they liked the word's general definition, which comes from Gulliver's Travels by Jonathan Swift: "rude, unsophisticated, uncouth." However, a swimming coach of the senior producer of Yahoo said it was because the senior producer ran around the pool screaming "YAHOO!" Its URL was akebono.stanford.
GAURAV JAIN
PGDM Ist sem
Friday, November 13, 2009
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