Posted on June 18, 2007 by Tim Schroeder

Yahoo’s CEO Terry Semel stepped down late today and will be replaced by co-founder Jerry Yang.

What does all this mean to affiliate marketing? Who knows! But it has sure helped Yahoo’s stock price after hours. The Yahoo company in addition to their stock price has been underperforming for a long time now. Maybe they will start giving Google a little more competition as well. It’s something that has been needed for some time.

Here are some of the news sources that broke the story:

•	Yahoo!’s Semel Steps Down
	at TheStreet.com (Mon 4:37pm)

•	Semel out as Yahoo CEO
	bizjournals.com (Mon 4:37pm)

•	Yahoo co-founder Yang to replace Semel as CEO
	Reuters (Mon 4:36pm)

•	Yahoo! CEO Semel is out
	at CNNMoney.com (Mon 4:29pm)

•	Yahoo! Co-Founder Jerry Yang Named Chief Executive Officer
	PR Newswire (Mon 4:16pm)