Interestingly, Semel won't be getting a separation agreement (read: no money), as he's resigning voluntarily. I wonder whose decision that really was?
A webcast discussing the resignation will be starting in five minutes, at 4:45 Eastern time. Melly Alazraki is live blogging the announcement.
Other BloggingStocks coverage:
Brian White: Even with Semel out, Yahoo! still can't catch Google
Georges Yared: Google is the reason Terry Semel just couldn't win
Peter Cohan: What took so long -- and, with YHOO up sharply since announcement, will Jerry Yang sell?
Gary Sattler: Was Terry Semel really that bad? Ummm, yes.
Melly Alazraki: Webcast uninspiring; I was hoping for new talent from the outside.
Julie Tilsner: Yahoo! disorganized; I'm glad I didn't end up as a Yahoo!
Jonathan Berr: Yahoo! needs fixing; it should avoid bidding for Dow Jones. And will Susan Decker now quit?
May 3, 2007: $40 million in 2006 too much for Semel
December 2007: Yahoo! reorganization annoints Decker; you call this a reorganization? Terry Semel should be fired.
Gallery: The faces of Yahoo