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There is nothing to be embarrassed about being profitable.


Terry Semel


#being #embarrassed #nothing #profitable



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About Terry Semel

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Resignation
Semel ended his six-year tenure as chief executive officer Monday June 18 2007 and handed over the reins to co-founder Jerry Yang in the Internet icon's latest attempt to regain investor confidence. " When questioned on this topic in a Q & A discussion with Peter Bazalgette at The Royal Television Society Cambridge Convention in 2005 his response was "We have to abide by the laws in the countries in which we operate"


Lost chance to take over Google
After joining Yahoo company founders Jerry Yang and David Filo suggested he look at buying Google whose founders looked up Yahoo's inventors. Semel later resigned from his post as non-executive Chairman from Yahoo completely on January 31 2008.

In the same period Yahoo's closest competitor Google saw stock growth of about 55% per year. where he served as chairman and co-chief executive officer. Semel had earned over $500 million in his tenure at Yahoo while Yahoo's stock appreciated at 40% per year.

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