Yahoo CEO Jerry Yang To Step Down

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."

Comments

Re:Isn't it kind of sad

[TheRaven64]

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.