Kara Swisher

Recent Posts by Kara Swisher

Psychic BoomTown Channels Yahoo PR


From our Monday post called “Say Hello to the Yahoo Board Members”:

Recently, [former CEO Terry] Semel revived his Los Angeles-based new media investment firm, Windsor Media, and rumors abound to his intentions–including possibly making a play for a Hollywood studio. Big question: Will Semel continue as chairman of Yahoo in 2008?…

“What to make of Roy Bostock, who has been on Yahoo’s board since 2003? I’ll tell you what: If Semel were to step down as chairman, the chatter is that the former top-level advertising exec (chairman and chief executive officer of D’Arcy Masius Benton & Bowles) is best suited to the job, given the importance of Yahoo’s ad business.”

From a press release today by Yahoo:

Yahoo Inc. (Nasdaq:YHOO), a leading global Internet company, today announced that Terry Semel, the company’s non-executive chairman, will step down from the Board of Directors, effective Jan. 31, 2008…

“Yahoo also announced today that Roy Bostock, who has been a member of the company’s Board since May 2003, was unanimously elected by the Board to serve as Yahoo’s non-executive chairman.”

Our next prediction: Yahoo has exclamation point surgically removed until happiness returns once again to Sunnyvale.

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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work