Alaska Governor Sarah Palin, with husband Todd (2nd L), waves to the crowd upon arriving at the inauguration of Sean Parnell (2nd R) with wife Sandy at the annual Governor's Picnic in Fairbanks, Alaska. Former Republican U.S. Vice-presidential candidate Sarah Palin stepped down as Alaska governor on Sunday with ethics probes, mounting legal bills and markedly lower popularity clouding her political future. By Nathaniel Wilder / Reuters. [ News] [ Video]