How good is corporate raider Carl Icahn's grip on what's wrong with Yahoo? Two years ago, when Icahn complained to the Financial Times about inept executives at Time Warner, he asked why couldn't they be more like then-Yahoo CEO Terry Semel?

Google, obviously, is one of the great success stories of all time, but Yahoo has done a great job with Terry Semel, who incidentally, they threw out of Time Warner.

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