Uh.. Dont let the door of your Gulfstream Jet hit you in the back?

The market likes this move...so far. Can Jerry bring her back to her former glory?

Place is still a complete mess. Semel should have been out long ago. Problem is they waited too long. And you've still got clowns like weiner who delivered Panama two years too late positioned as leaders in company.

Fight with google is over and google won. Panama is not going to make a dent and will be considered huge failure.

Yahoo is a utlitarian product, but one that no longer elicits emotional attachment for any of it's users. Golden days are over- this is not a hole they can dig themselves out of. Fact that Semel was unable to get company sold to Microsoft before he was pushed out should tell you value of the company.

Interesting they didn't promote Decker to CEO, instead making her president. Board is probably thinking that preception is that they need to bring someone from outside in to shake things up.

Still think there will be decent sized layoffs coming soon. Numbers must not look good if Semel is getting chased out. Maybe he should have pushed Rosensweig and Weiner to get Panama to launch years ago when it had a fighting chance, instead of watching google kick their ass and propping up products like Yahoo! Answers with no revenue.

Someone remind me why this company is trading at a P/E higher than Google?

About effin time!!! That guy was the worst thing that could have happened to Yahoo!.

I've been told that yahoos are starting to celebrate.

@Rockwell:
Hah!! I just checked that, myself. The crazier thing is that the price was high before Semel left.

Right now, I'd put more money behind the algorithm than behind a big yellow Y.

Semel's out of the decision-making loop and is hanging around only to keep an eye on Jerry for the board. It isn't exactly like Jer has any creds around running an enterprise that big. Mr. S. will depart as soon as possible.

Terry Semel is out at Yahoo. Yet another one of my predictions comes true (#15). If only I had gotten that iPhone one right (#3), this would be a good year.

I do not believe that Yahoo is down for the count; there are too many good people in that organization to think they are not able to continue to be a contender.

Semels out of the picture and there is reorganization planned in the company. A downsizing and getting Yahoo back in condition. A new vision of what is possible, a new course to chart and a new star to navigate by.

There are many good things about Yahoo, indeed great things about Yahoo. Think about how many merchants are in the market place powered by Yahoo.

How many businesses use the Yahoo web tools to maintain their web sites, there are millions around the world. These companies are paying $10.00, 25.00 50.00 a month for Yahoo's service. This aspect of their business has a great future and is underutilized presently.

I for one have 3 non-profit national organizations that use the Yahoo Web Site Service basic package. If we went to a website company to provide this for us it would cost us $100.00 of dollars every month and we would not have the flexibility to manage the content internally.

No, I believe that the new Yahoo if given the opportunity by the Board will be a greater company. Yahoo needs to do is be rid of the deadwood that have become too fat and comfortable in the organization, get rid of the present board. There are a number of good people here however to break clean they should all resign and Jerry needs to replace them with a young group of visionaries with a mission: here is a clean canvas for the future people, go for it.

This board intentionally or not is part of the problem, this ship has been allowed to sail in the doldrums on their watch and they need to be held accountable. Just look at the sad state of affairs during the last Board Meeting. They looked like a bunch of greedy lechers all with their hands out looking for more compensation.

There should be no golden parachutes or severance, just send them off. This will be part of the message that this is a new lean Yahoo and we are serious about moving forward.

There is such great opportunity for Yahoo, worldwide and they have the capital and tools to make it work. As Churchill would say, "Put some ass into that job young man and get moving"