Semel maybe out but so are 10 of Yahoo’s 26 executives (see then and now). A 40% turnover in executive management in one year is pretty high. I guess the battle against Google is taking its toll. Semel, who didn’t know what email was before he arrived at Yahoo has left behind a trail of destruction. The vacancies are being filled by Susan Deckers’ friends according to sources. Susan, who takes over as President of Yahoo, is famous for saying that “Yahoo’s goal is not to be number one in search“. Besides losing all this “talent” in a short time, the company is losing millions in severance compensation. Several employees said that Farzeed Nazem, CTO, spent more time filing papers with the SEC over stock options purchases and sales during his 11 year hibernation. The WSJ says it reinforces doubts about Panama when the guy overseeing the global rollout leaves smack in the middle of it. A senior Yahooligan (Yahoo employee) described Panama as larger than the Titanic and that it will help Yahoo capture more search advertising dollars.

Here is the list of executives jumping ship:
Terry Semel, CEO
Susan Decker, CFO
Lars Rabbe, CIO
Dan Rosensweig, COO
Farzeed Nazem, CTO
Chris Castro, CCO
Lloyd Braun, President, Yahoo! Media
John Marcom, VP International, Yahoo!
Phu Hoang, VP Engineering
Daniel Finnigan, VP Classifieds

At the annual shareholder meeting Jerry Yang had nothing to say about Yahoo’s business but human rights. Yesterday, he released a statement saying “Terry has given Yahoo! six of its best years“.

Yahoo, hosting the Titanic party at its campus in Sunnyvale, CA.