TechSpot en EspañolMost Popular
| Top Stories | Just in | Featured |
11 awesome applications you've never heard of featured
Microsoft to offer three-user Windows 7 Family Pack?
2K Games offers "Huge Game Pack" on Steam for $54
Fallout 3 gets 50% price cut on Steam this weekend
Apple issues advice on iPhone 3GS overheating
Firefox 3.5 breaks 5 million downloads in 24 hours
TS Community
| User Gallery | Recent Discussion |
 376 backstabs and 197 heads :> by Condor |  my new desktop by jtickner1 |
 TechSpot at CES 2007 by Julio |  Software Overclocking a Free 8500GT by Obi-Wan Jerkobi |
TechSpot RSSInformation Technology
Jerry Yang steps down as Yahoo CEO
Following a tumultuous year and a half at the forefront of one of web’s biggest properties, Yahoo co-founder Jerry Yang is stepping down from his chief executive role as soon as the board of directors appoints a replacement for him. Yang failed to bring either a viable merger partner or a strong revenue-generating deal in his short tenure as Yahoo CEO, so his resignation doesn’t come as much of a surprise.
Earlier this year, Yahoo rejected a $33 per share buyout offer from Microsoft and decided to focus on a search advertising partnership with Google instead. The move was met with disapproval by many share-holders and since then the company’s stock share price has plunged incessantly – reaching $13 earlier this month when Yahoo’s planned deal with Google also fell apart.
Once its successor as CEO is appointed, Yang will remain as a Yahoo board member and resume his previous role as “Chief Yahoo” – whatever that means. His impending step down leaves much unresolved for the Internet company, which has been struggling to remain independent for months, but could perhaps pave the way for a deal of sorts with Microsoft.
Earlier this year, Yahoo rejected a $33 per share buyout offer from Microsoft and decided to focus on a search advertising partnership with Google instead. The move was met with disapproval by many share-holders and since then the company’s stock share price has plunged incessantly – reaching $13 earlier this month when Yahoo’s planned deal with Google also fell apart.
Once its successor as CEO is appointed, Yang will remain as a Yahoo board member and resume his previous role as “Chief Yahoo” – whatever that means. His impending step down leaves much unresolved for the Internet company, which has been struggling to remain independent for months, but could perhaps pave the way for a deal of sorts with Microsoft.
Related Stories
