Yahoo CEO Jerry Yang To Step Down

JagsLive was one of several readers to point out Jerry Yang's departure as Yahoo CEO. He's not leaving the company; he will return to his former role as Chief Yahoo, whatever that entails. Yang has been under fire in recent months from investors for his handling of Microsoft's recent acquisition attempt."Yahoo, under fierce financial pressure, has begun a search to replace company co-founder Jerry Yang as chief executive, the company said Monday. 'Jerry and the board have had an ongoing dialogue about succession timing, and we all agree that now is the right time to make the transition to a new CEO who can take the company to the next level,' Chairman Roy Bostock said in a statement."

Euphemism

[oldhack]

"...a new CEO who can take the company to the next level"

So they're not even trying...

Re:Isn't it kind of sad

[Anonymous Coward]

Exactly. This is capitalism at work. In Communist Canada, company sells you.

0 result

[FornaxChemica]

Yahoo, under fierce financial pressure, has begun a search to replace company co-founder Jerry Yang as chief executive

"Your search did not match any documents."

Re:bye bye

[Amamdouh]

Looked like his judgment was clouded by arrogance. He did not refuse to sell he just refused the price claiming it was too loo and claiming that Microsoft gravely overestimated Yahoo's problem hmmm... Guess what Yang, seems you were the one overestimating your value. John C Dvorak made an interesting argument about this deal "Yahoo! is not worth $44 billion. Period. You could buy General Motors lock, stock, and barrel for $14 billion, name all the cars "Google Sucks," and get more bang for the buck."

Re:Isn't it kind of sad

[NoobixCube]

We can only hope Brainsuck Industries will synergize with them.

Who would be a new CEO?

[Fri13]

I know next good CEO... how about Bill Gates... he is "retired" or get a Steve Ballmer there... Microsoft needs better CEO so he could be free. Even better, get a Steve Jobs and we could get yMail, yBrowser, ySearch etc. But because Yahoo! is a internet search (etc) company, without multimedia and computers, Steve would not leave Apple....