Dr. Henry Yuen has resigned as chief executive officer of Gemstar-TV Guide International Inc., the parent company of Television Games Network. Yuen will serve as chairman in a non-executive capacity while Jeff Shell will succeed Yuen as CEO.

Also stepping down was Chief Financial Officer Elsie Leung, who will remain on the board under a new three-year agreement and will pursue international opportunities for the company with Yuen. They will receive $7-million and $22-million, respectively, in termination payments. Executive Vice President Paul Haggerty will act as CFO until Gemstar completes its search for a permanent replacement for Leung.

The high-end personnel moves come amid Gemstar's trouble with the Securities Exchange Commission for failure to disclose second-quarter earnings in a timely matter. Gemstar also has lost some court battles regarding its patents for interactive programming guide technology.

Gemstar's stock continues to flounder, though it did post a mild rally this afternoon, closing up $0.66 at $3.25 per share. That price is 89.5% off the 52-week high of $31.001 per share.