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.

semelsadface.jpg

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.


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December 29, 2013 at 2:12 pm PT

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December 29, 2013 at 5:58 am PT

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December 28, 2013 at 12:05 pm PT

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Another gadget you don’t really need. Will not work once you get it home. New model out in 4 weeks. Battery life is too short to be of any use.

— From the fact sheet for a fake product entitled Useless Plasticbox 1.2 (an actual empty plastic box) placed in L.A.-area Best Buy stores by an artist called Plastic Jesus