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Jerry Yang to step down from Yahoo

By paulmah
Created Nov 18 2008 - 6:08am

Jerry Yang, the embattled co-founder of Yahoo will be stepping down from his position as the chief executive officer once a replacement is appointed, said the troubled Internet company on Monday. Yang drew intense criticism for rejecting an initial offer from Microsoft to buy the company in a deal worth $33 a share, or more than three times its price at the time of this announcement. Article [1]


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http://www.fiercecio.com/techwatch/story/jerry-yang-step-down-yahoo/2008-11-18