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After a turnaround plan that never got off the ground, falling profits and a disastrous reaction to his rejection of Microsoft's advances, Yahoo chief executive and founder Jerry Yang has fallen on his sword after 18 months at the helm.
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More grist for the grill has been served up by legislators, a consumer group, and Wall Street in Yahoo's proposed search advertising deal with Google.
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A jury at Guantánamo's second war-crimes trial began deliberating Friday whether Al Qaeda's alleged "media secretary" is guilty of war crimes.
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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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Anand Jon found guilty on 14 counts, not eligible for parole until age 101
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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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INTERNET firm Yahoo! is replacing its CEO Jerry Yang.
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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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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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Last night, purple-pushing internet company Yahoo! announced that co-founder and C.E.O. Jerry Yang would be stepping down from his management role, which he's had since June 2007. Mr. Yang will continue to sit on the company's board and take back his old title (we kid you not): Chief Yahoo!. Jessica E. Vascellaro of The Wall Street Journal framed it as follows: Yahoo Inc. co-founder and Chief Executive Jerry Yang will step down after the company finds a replacement, closing a tumultuous and short tenure during which Yahoo rejected an offer from Microsoft Corp.'s to buy it. readmore
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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 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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Yahoo said Mr. Yang, who helped build the company into an Internet giant, would step down as chief executive.
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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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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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Celebrity chef Gordon Ramsay was yesterday at the centre of claims of troubles in both his personal and business life. Concerns were raised over his restaurant in Chelsea, which is now shutting two days a week.
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Man-made pollution is raising ocean acidity at least ten times faster than previously thought, a study says.
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Carl Icahn says he likes Jerry Yang and notes the former Yahoo CEO is a "charismatic guy," but Yahoo needs to do a Microsoft search deal since the company can't afford to fight Google. Icahn's remarks, made in an interview with Barron's (subscription required) a few days after he added to his Yahoo stake, doesn't reveal anything entirely new, but does indicate that full-blown Microsoft acquisition is off the table. The Yahoo excerpts of note (most of the article focuses on the corporate debt markets primarily): Icahn on Yahoo's board: I'm on the board, and I certainly like some of the board members. They really take seriously what is happening and what should be done there, but I don't think...
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The Style section woke up this morning and realized something: It's 40 years old.
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There is something about reproductive health that makes some Americans froth and go crazy.
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President Viktor Yushchenko of Ukraine signed an order Thursday to dissolve Parliament and hold snap elections after efforts to resuscitate a long-ailing pro-West coalition collapsed.
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The board of directors faces a ticking clock at Yahoo, as a week has passed since Microsoft CEO Steve Ballmer promised Yahoo they needed to make a decision on Microsoft's takeover bid in 3 weeks. The ultimatum proved the catalyst for a series of events. First came the expected Yahoo rejection of the idea, albeit with a caveat that they would be open to a better offer. Then Yahoo disclosed a trial of Google's AdSense for Search in a limited set of search results for a two week period; no other potential Google/Yahoo closeness has been revealed. AOL and Yahoo have been in discussions to bring the Internet businesses together, as a way to keep Microsoft from winning its bid for Yahoo. Since Yahoo angled for more money out of Microsoft, as Yahoo bitterly resents being undervalued by Wall Street, Microsoft reportedly began talking to News Corp about bringing them on board in a Fox Interactive Media/Yahoo/MSN arrangement. Discussions between Yahoo and AOL aren't making Yahoo insiders feel all that great. Kara ...
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PERTH co-owner Tony Sage has warned coach David Mitchell that he will be out of a job by the end of the A-League season should results not improve.
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