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.