Terry Semel

FILE Terry Semel, CEO and chairman of Yahoo!, Inc., heads toward a morning session, in this Thursday, July 13, 2006 file photo, at the annual Allen & Co. media conference in Sun Valley, Idaho. Semel ended his six-year tenure as chief executive officer Monday and will hand over the reins to co-founder Jerry Yang in the Internet icon's latest attempt to regain investor confidence. (AP Photo/Elaine Thompson)

ELAINE THOMPSON / The Associated Press

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