Yahoo! CEO Terry Semel Resigns

Broke first on CNBC, Yahoo! confirms the departure of CEO Terry Semel in press release. TechCrunch, Mashable, ValleyWag and Yahoo!’s own Yang all weigh in on the news.

Personally, no Hollywood exec is ever a good fit for an Internet company. Yahoo! was once the darling of all Internet companies, and it has since given its throne to Google, and eventually — Microsoft (who, at some point, will probably acquire the company).

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