John Paczkowski

Recent Posts by John Paczkowski

I Never Wanted to Be CEO of Yahoo. I Wanted to Be … a Lumberjack!

I resigned. I know everyone will think I was pushed.”

–Former Yahoo CEO Terry Semel, June 18, 2007

In the face of withering criticism–of his leadership, his efforts to compete with Google and his supersized pay package–Yahoo CEO Semel said today that he was stepping down to assume a nonexecutive advisory role at the company.


In a statement, Semel, who will be succeeded by Yahoo co-founder Jerry Yang, said his resignation was his choice. “The board and I have long talked about the importance of ensuring a smooth succession in Yahoo’s senior leadership,” he said. “As we discussed my future goals and plans, I was clear in telling the board of my desire to take a step back sooner rather than later.”

Apparently, the board responded in kind.

UPDATE: Clearly, Semel is worth more to Yahoo investors dead than alive. The company’s shares spiked 6 percent in after hours trading.

UPDATE: There is an … orgy of Semel coverage over at Valleywag, which seems to have prepared for the former Yahoo CEO’s resignation the way the media prepped for the deaths of Ronald Reagan, Bob Hope and other notables.

Twitter’s Tanking

December 30, 2013 at 6:49 am PT

2013 Was a Good Year for Chromebooks

December 29, 2013 at 2:12 pm PT

BlackBerry Pulls Latest Twitter for BB10 Update

December 29, 2013 at 5:58 am PT

Apple CEO Tim Cook Made $4.25 Million This Year

December 28, 2013 at 12:05 pm PT

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The problem with the Billionaire Savior phase of the newspaper collapse has always been that billionaires don’t tend to like the kind of authority-questioning journalism that upsets the status quo.

— Ryan Chittum, writing in the Columbia Journalism Review about the promise of Pierre Omidyar’s new media venture with Glenn Greenwald