indraneil writes "Yahoo Inc. chairman Terry Semel stepped down as chief executive officer on Monday. This ends a year long rough patch as CEO, plagued by efforts of constant catching up with Google.
He had been the CEO for the last 6 years and will be replaced by co-founder Jerry Yang. Susan Decker has been named president.
He continues as a non executive chairman. Yahoo stocks picked up after the news was published.
NBC is covering this in greater detail."