Yahoo CEO Jerry Yang Stepping Down

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."