Slashdot Mirror

← Back to Stories (view on slashdot.org)

Yahoo CEO Jerry Yang To Step Down

Posted by kdawson on from the dude-where's-my-stock dept.

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."

3 of 199 comments (clear)

  1. Re:Dividends? by Rogerborg · · Score: 0, Troll

    But you are forgetting that they may not be paying dividends now, but they can always choose to do it later

    And I can call my bank and say "I'm not paying my mortgage now, but I may choose to do so later." I'm sure they'll understand.

    If they're not paying, then they're not paying. And by the way: the value of your investment is what you trade it for at the exact point when you actually sell, not what it's ostensibly worth 5 minutes before that.

    --
    If you were blocking sigs, you wouldn't have to read this.
  2. Re:Isn't it kind of sad by TheRaven64 · · Score: 1, Troll

    But for startups? Getting acquired is the dream

    I'd have thought that being sufficiently profitable to buy back all of the VC-owned shares and give a large regular dividend to the founders would be the dream, selling the company would be second-best.

    --
    I am TheRaven on Soylent News
  3. Re:Isn't it kind of sad by keithjr · · Score: 0, Troll

    This line of thinking needs to die in a fire. The company exists to serve the employees. As in, the people whose livelihoods depend on the company doing well. Sure, the shareholders have a stake, but they'll move on. Lose your employees, and your company is toast. Thinking that you serve some invisible group of people has caused plenty of CEOs to act against their companies' interests.

    I'm becoming more and more convinced that going public, despite the giant bags of money it brings in, is never a good idea in the long run. It puts your company at the helm of know-nothings like Carl Icahn.