Dontcha just love the way they spin the bullshit at giant corporations when some senior suit gets to walk the plank? Take for instance, the way Yahoo is spinning the tale of the instant demise of CEO Terry Semel and his relegation to the non-executive dunces chair in the corner, while co-founder Jerry Yang takes over as CEO and Sue Decker as president.
64-year-old former movie studio exec. Semel pretended all this crap was part of a well planned transition... "As we discussed my future goals and plans, I was clear in telling you of my desire to take a step back sooner rather than later," Semel wrote to the board. "I know we all agree that Jerry and Sue, with their superb talents and intense dedication to Yahoo and its people, are the perfect combination to carry us forward. This is the time for new executive leadership, with different skills and strengths, to step in and drive the company to realize its full potential - it is the right thing to do, and the right time is now." Yeah... What a load of tripe!
New CEO Yang was equally uxorious with his praise... "Since coming on board in 2001, Terry has given Yahoo six of its best years. He delivered great value to our users, advertisers and shareholders. ... I will always be grateful for the incredible achievements under his leadership - and for his mentorship and friendship." Bloody hell, do they think for one minute anyone is going to swallow that much boloney all at once?
George Parker
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