Yahoo CEO Jerry Yang Stepping Down

225px-Jerry_Yang.jpg

Yahoo CEO Jerry Yang announced today that he was, finally, stepping down from his role at the troubled internet mammoth. Promoted to the position over a year ago, Yahoo has seen drastic cuts in its workforce, turning down a $47.5 billion takeover offer from Microsoft, and failing to make an advertising partnership deal with Google. (The Sunnyvale-based company's closing price landed at $10.63 today -- compared to the $33 a share it say during the Microsoft offer earlier this year.) According to the New York Times, "Yahoo said in a statement that Mr. Yang would return to his earlier role as “Chief Yahoo,” a corporate visionary role, and remain on the company’s board."

Email This Entry


Comments (4) [rss]

looks like he is sporting Gavin's hair!
Adios

user-pic

Yahoo.com? Moar liek FAIL.com!

Is that a hair weave necessitated from consuming too much MSG? I've seen better weaves on ho's hovering down that hair shop on Geary/Fillmore.

Post a comment (Comment Policy)

Tips

About SFist

SFist is a website about San Francisco.

Editor: Brock Keeling
Publisher: Gothamist

Contribute

Latest Tip:

Hey sfist something in your comment submit form doesn't work when facebook is unreachable.
[more]

Latest Photo:

Recent Comments

Subscribe

Use an RSS reader to stay up to date with the latest news and posts from SFist.

All Our RSS