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INTERNET firm Yahoo! is replacing its CEO Jerry Yang.
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Yahoo said Mr. Yang, who helped build the company into an Internet giant, would step down as chief executive.
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The Yahoo co-founder and CEO will walk through walls for Yahoo, but he isn't doing a great job of selling the vision inside or outside of the company.
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Yahoo said Jerry Yang, its chief executive, would leave that role after the company finds a replacement.
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Jerry Yang, the co-founder of Yahoo, is to stand down as the internet portal's chief executive officer.
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Yahoo! has announced that Jerry Yang will step down as CEO once his replacement has been found. Yang will remain on board as Chief Yahoo! Yang became CEO in June 2007 at the request of the Board of Directors. Board Chairman Roy Bostock will lead the search for a new CEO. Here's his official corporate-speak on the matter: "Over the past year and a half, despite extraordinary challenges and distractions, Jerry Yang has led the repositioning of Yahoo! on an open platform model as well as the improved alignment of costs and revenues. 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. We are deeply grateful to Jerry for his many contributions as CEO over the past 18 months, and we are pleased that he plans to stay actively involved at Yahoo! as a key executive and member of the Board."
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JERRY Yang, co-founder of Yahoo, will step down as the internet company's chief executive as soon as a successor is found.
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As expected by many, Yahoo’s embattled CEO has finally decided to step down from his post as Yahoo starts searching for a new CEO that would uplift Yahoo (again) from where it is right now. Tasked to assess potential candidates and determining the final lists of candidates are Yahoo chairman Roy Bostock, some independent directors [...]
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SAN FRANCISCO/NEW YORK (Reuters) - Yahoo Inc said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending its shares up 4 percent on hopes his departure will clear the way for a deal with Microsoft.
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Jerry Yang, co-founder and CEO of Yahoo. will step down as CEO as soon as the board of directors finds a replacement, sources told All Things Digital's Boomtown blog today. (Techmeme) The company made a formal announcement shortly after the blog posting went live. Yang, 40, will resume his position as Chief Yahoo and will retain a seat on the company's board of directors. His decision to step down was reportedly a joint decision between him and the board. Company chairman Roy Bostock will lead the search for a new CEO, looking at both internal and external candidates. Sources told All Things Digital that company president Sue Decker is being considered but that the replacement will likely come from outside...
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Yahoo! (YHOO) advanced in pre-market trading, on news of the stepping down of Jerry Yang as CEO.
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Bowing to mounting pressure from investors, Jerry Yang, co-founder of search engine giant Yahoo Inc., decided to step down as chief executive officer of the company. Yahoo's Board of Directors has initiated a search for a new chief executive. Yang will return to his former role as Chief Yahoo! after his successor is appointed as CEO, and he will also continue to serve on the Board.
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Late Monday, ending his eighteen-month troubled reign, Internet giant Yahoo Inc.'s co-Founder and Chief Executive Officer Jerry Yang has finally decided to step down. Yang would now return to his prior position as Chief Yahoo and will continue as a director on the Yahoo board.
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Yahoo said Jerry Yang will step down as chief executive as soon as the board finds a replacement, sending shares up 4 per cent on hopes the departure would clear the way for a deal with Microsoft.
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Yahoo said Yang, who helped build the company into an Internet giant, would step down from his role as chief executive as soon as a replacement is found.
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Jerry Yang, the chief executive of Yahoo, will step down from his role as soon as the board finds a replacement for the Internet company, Yahoo said late Monday.
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Yahoo said Jerry Yang, its chief executive, would leave that role after the company finds a replacement.
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NAME: Jerry Yang.
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Chief executive of the search engine steps aside after failing to deliver a deal with either Microsoft or Google.
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Yahoo CEO Jerry Yang hoped an advertising deal with Google would boost revenue and keep Microsoft at bay. Instead, he ended up resigning soon after the Justice Department, thanks to Microsoft lobbying, blocked the deal.
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He had irked shareholders by letting would-be partners Microsoft and Google slip away. Unable to rescue the Internet giant he co-founded from its worst decline since the dot-com bust, Yahoo Inc. Chief Executive Jerry Yang said Monday that he planned to step down as soon as he could find a successor.
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Many wonder if he stepped down on his own or was asked to resign.
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If you haven't heard the news from another source, you probably could have guessed it by watching Yahoo's stock price. Shares have risen about 12.6 percent in pre-market trading on the official announcement that the search for a new CEO is underway.read more
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Enthusiasm on Wall Street is tempered by the problems Jerry Yang's successor will face. Wall Street celebrated the planned demotion of Jerry Yang on Tuesday, sending Yahoo Inc.'s shares soaring on hopes that a new chief executive would entice Microsoft Corp. to buy some or all of the struggling Internet company.
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The founder of the Internet's original search engine finds himself heading for the exit
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Yahoo CEO Jerry Yang tells Yahoo employees in an e-mail that the company has "been through a tremendously challenging year."
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Yahoo chief executive Jerry Yang could soon be ousted a leading industry analyst has said.
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To: Jerry Yang From: Jack Flack Subject: Stick and Move After what you’ve been through this year, I’m guessing almost everyone you talk with these days is either purely hostile or purely sycophantic. Even though you’ve rejected my advice not just once, but twice, I’ll take one last shot at offering you [...]
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With the Google ad deal now dead, will Yahoo turn back again to Microsoft?
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Jerry Yang, Yahoo chief executive, spoke emphatically about wanting to remain in that role, in an interview at the Web 2.0 Summit in San Francisco on Wednesday. Following market rumours that he was about to quit earlier in the day, he told interviewer John Battelle: “I’m passionate about Yahoo, I’m passionate about its people, I’m passionate about [...]
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Yesterday's election was a pretty straightforward process - no riots, no recounts, not even the threat of a lawsuit. So, as if to make up for it, a couple of questionable reports plagued the search industry today, and we'll try to straighten out the situation here.read more
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SAN FRANCISCO (Reuters) - After nearly a year spent seeking alternatives to Microsoft Corp's buyout offer, Yahoo Inc's Chief Executive Jerry Yang said he believes a deal between the two is still the best option for the beleaguered Internet company.
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