Yahoo's Terry Semel steps down as CEO

 Yahoo Inc. Chairman Terry Semel stepped
down as chief executive in a surprise move Monday, ending his
increasingly ineffectual pursuit of online search leader Google Inc. —
a losing battle that had demoralized Yahoo's shareholders and
employees.



The Sunnyvale-based company appointed co-founder Jerry Yang as its
new CEO and named Susan Decker as its president. Decker, who had been
touted as Semel's heir apparent, was recently promoted from Yahoo's
chief financial officer to oversee the company's advertising
operations.



Semel, 64, will remain chairman in a non-executive role after spending the past six years running the company.