Why Yahoo is Doing So Badly

This is according to Henry Blodget. He's calling for Terry Semel to either crack heads or step aside for someone who will. This is pretty much the situation that Yahoo is in now:

From the outside, it seems as though Yahoo!'s senior managers, having
rescued the company from a brush with death, have collectively decided that
they've done enough and that just being "good" is now good enough. (A less
charitable interpretation, one I've floated before, would be that the company
got fat, happy, and lazy.) Unfortunately, Yahoo is now competing against
companies for whom being good isn't enough (Google) as well as against old media giants that are thrilled to finally be playing in the Internet big leagues
(Newscorp). And these companies are kicking Yahoo!'s ass