Filed under: Internet, News, Yahoo!
Yahoo! CEO Jerry Yang to resign
It's probably not fair to put all of that on CEO Jerry Yang's head. After all, the current economic downturn is taking its toll on everyone. But the Yahoo! board of directors has announced that it is searching for a new CEO. Once a replacement is found, Yang will step down as CEO and resume his role as "Chief Yahoo!," which is a ridiculous job title that's basically a corporate strategy job. He'll also remain on the board of directors.
Yang's resignation raises a lot of questions. Who will replace him as CEO? Will the move bring Microsoft back to the table, or has that ship sailed? Could Yahoo! be looking for a new buyer or a strategic partnership? Who wrote the book of love? Yeah, maybe not that one.
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Reader Comments (Page 1 of 1)
Neil said 11:38AM on 11-18-2008
His and Yahoo's pride and greed screwed Yahoo share holders.....and from my standpoint it's more than fare to put it on his head.
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Samuel said 12:07PM on 11-18-2008
This is THE reason why I cannot commit to Flickr, if MS buy that site I'll never use it, no way! I really would liek to see Google step in here, just cherry pick the best stuff.
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Quikboy said 8:12AM on 11-19-2008
If Microsoft does buy it, what's exactly wrong with that? As a Flickr user, I could only see benefits from Microsoft buying Flickr, than remaining under the influence of Yahoo! (who made Flickr a bit worse than what it used to be in the good ol' days).
Samuel said 8:12AM on 11-19-2008
Well I don't know about the good old days but I used to use their OS in "the good ol days" and they were not the good days, the good days are now: provided by Apple and Google.
For me it all comes down to trust. I just don't trust MS.
Overstressed Admin said 1:51PM on 11-18-2008
I'd absolutely place it on Jerry's head. He overvalued his company as it was his baby that he helped create it. That's called being too personally involved. Now it is in the tank. As for the tween not "committing to Flickr", please it is computers, not religion. You had better hope M$ buys the thing, otherwise it will soon be 'shuttr-ing' its doors. I doubt M$ will buy it now. Yahoo's biggest value was in its employees. After the first failed purchase by M$, many good minds left.
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overstressed admin said 1:51PM on 11-18-2008
Sorry, first few lines were re-witten several times and the tenses were mixed. Garbage editing on my part, mea culpa. Please substitute "I'd absolutely place it on Jerry's head. He overvalued the company he helped create. That's called being too personally involved. Now Yahoo's stock value is in the tank."
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yo said 2:47PM on 11-18-2008
ur r a b****
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