It’s official: The Associated Press is reporting (read full story) that Yahoo!’s chairman and former CEO, Terry Semel, has left the board of directors. This marks the end of the out of control tail-spin that cost Semel his position as CEO.
Does this mark the beginning of the end for the former Internet heavyweight? Only time will tell.
Associated Press excerpt:
SAN FRANCISCO (AP) — Terry Semel stepped down as Yahoo Inc.’s chairman Thursday, severing his ties with the slumping Internet icon 7 1/2 months after he resigned as chief executive under shareholder pressure.
The Sunnyvale-based company said another director, Roy Bostock, will replace Semel as the nonexecutive chairman of its 10-member board.
Yahoo said Semel decided to give up his chairman’s role several months ago but agreed to stay on to give the company time pick a successor.








