Breaking: Yang Steps Down
November 17, 2008 by Colleen Coplick
Filed under Social Media
Jerry Yang, cofounder of Yahoo, will be stepping down as CEO once the Board of Directors has appointed his successor. Yang will go back to being Chief Yahoo, which… um…. does, what exactly? Stuff. Do you like stuff?
Last June, Yang assumed the CEO role because the Board requested it. Ok, so… what’s happening now?
Well, no one actually knows.
In a statement by Chairman Roy Bostock said that, “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.” [source]
Yang was the one behind the Microsoft deal… which, we all know how well that ended. The collapse of Yahoo’s ad partnership with Google made us all wonder what next…
Now, with Yang stepping down, or being forced to step down, either way, what will happen with Yahoo next?? (Image source: CC Wikimedia Commons)
