News From Yellow Business Pages » Wired: Top Stories » The Damage Done, Terry Semel Steps Down from Yahoo Board

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Wired: Top Stories

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  The Damage Done, Terry Semel Steps Down from Yahoo Board

  Posted: February 1st, 2008, 3:30pm EST by Epicenter Blog

  Tags:    [edit]

  On the eve of Microsoft's $44 billion bid for Yahoo, former Yahoo CEO Terry Semel announced his resignation from the Yahoo board of directors. Semel presided over a multiyear decline in Yahoo's market share, while collecting nearly half a billion dollars in compensation.