Uncommon Wisdom

Nov 24 2008   3:21PM GMT

Yahoo’s Yang steps down

Tom Nolle Tom Nolle Profile: Tom Nolle

Yahoo’s Jerry Yang, an icon in the search business and a focus of shareholder angst after refusing the Microsoft deal earlier this year, is stepping down as CEO. The move is not a surprise, given that it now appears that there is no way shareholders could hope to recover what they lost when Microsoft was turned away.

Since the decision, which resulted in a board change led by Icahn, Yang has failed to offer any constructive steps to building value as an independent company. The board is likely to at least consider Susan Decker, the president, as successor. We believe this would be a mistake; she might well prove simply a proxy for Yang’s views.

 Comment on this Post

 
There was an error processing your information. Please try again later.
Thanks. We'll let you know when a new response is added.
Send me notifications when other members comment.

REGISTER or login:

Forgot Password?
By submitting you agree to receive email from TechTarget and its partners. If you reside outside of the United States, you consent to having your personal data transferred to and processed in the United States. Privacy

Forgot Password

No problem! Submit your e-mail address below. We'll send you an e-mail containing your password.

Your password has been sent to: