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'Marketplace' Report: Yahoo Chairman Ousted

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'Marketplace' Report: Yahoo Chairman Ousted

'Marketplace' Report: Yahoo Chairman Ousted

'Marketplace' Report: Yahoo Chairman Ousted

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  • <iframe src="https://www.npr.org/player/embed/11185559/11185562" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

Internet search engine Yahoo CEO Terry Semel is stepping down, as the company tries to gain ground against Google.

Semel is a former movie studio executive, whose salary and compensation package was estimated at more than $70 million in 2006.

He will be replaced by the company's co-founder Jerry Yang, who has a technical background.

Some analysts interpret the move as a positive. They say Yahoo has to capitalize on some of its advantages — its developed line of services — to catch up to Google, which is mostly used for its search engine.

Janet Babin of Marketplace talks to Anthony Brooks about Semel's replacement and how this change will affect the company.