When Terry Semel joined Yahoo as chairman and CEO in May 2001, he left behind the investment firm he started, Windsor Media. According to a report from paidContent.org, Semel is reviving that company, after losing his job as CEO in June 2007. Semel still sits on Yahoo's board of directors as non-executive chairman.
He's reportedly taking a couple of Yahoo execs with him: Drew Buckley, who headed Yahoo Originals, and Jeff Karish, head of media strategy. It remains to be seen how Windsor Media will take shape, either as an investment firm or media company.