Despite Yahoo's struggles, Terry Semel received a package valued at $71.7 million in 2006

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(Continued) The RFS Newsletter, June 23, 2007. Page 4
However, Yahoo's board said that Semel will remain chairman in a non-executive capacity. Besides naming Yang as its new CEO, Yahoo appointed Susan Decker as its president. Some observers had expected that. Decker, who had been recently promoted to oversee Yahoo's advertising operations, had widely been seen as Semel's heir apparent. Yahoo announced the shake-up less than a week after Semel, 64, faced off with shareholders disillusioned with Yahoo's lackluster performance during the past year-and-a-half — a malaise that wasn't reflected in Semel's compensation.

Despite the company's struggles, Semel received a package valued at $71.7 million in 2006. That was more than any other CEO among 386 publicly held companies covered in an Associated Press analysis of executive compensation using new SEC disclosure rules.

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