Jerry Yang, the Yahoo founder who recently returned as chief executive to restore the company to its onetime luster, said today he is stepping down.
Yang, 40, told employees in a memo that he will continue as CEO until a replacement is found, then will return to his old job as "Chief Yahoo."
He returned as CEO June of last year and presided over one of the most tumultuous periods in the Internet portal's history.
This year, Yahoo spurned an offer from Microsoft for $33 a share; its stock closed Monday at $10.63. It announced a 10 percent layoff, of 1,500 employees, in October, following the third consecutive quarter of declining sales.Jerry Yang, the Yahoo founder who recently returned as chief executive to restore the... more
Il cofondatore e amministratore delegato di Yahoo!, Jerry Yang, lascera' la guida del gruppo informatico leader nel mondo non appena il consiglio di amministrazione avra' designato il suo successore. Lo rende noto un comunicato pubblicato in nottata.
Yang, 40 anni, restera' nel consiglio di amministrazione, e' stato specificato. Il presidente dello stesso Cda, Roy Bostock, esaminera' le candidature che saranno sia interne sia esterne.
Il co-fondatore del motore di ricerca si e' dimesso dall'incarico dopo le dure critiche ricevute dagli azionisti per aver respinto l'offerta di Microsoft che nel mese di maggio scorso aveva proposto 47,5 miliardi di dollari per l'acquisto dell'aziendaIl cofondatore e amministratore delegato di Yahoo!, Jerry Yang, lascera' la guida del... more
Yahoo! Inc., owner of the second-most popular search engine, rejected a restructuring proposal by Microsoft Corp. and billionaire investor Carl Icahn that would have included the sale of Yahoo's search business to Microsoft.
Yahoo's advertising agreement with Google Inc. offers ``superior financial value'' to the proposal from Microsoft and Icahn, the Sunnyvale, California-based company said in a Business Wire statement today.
Icahn has criticized Yahoo Chief Executive Officer Jerry Yang for failing to close a deal with Microsoft, the world's biggest software maker. Microsoft, which on May 3 withdrew an offer to buy Yahoo, said on July 7 it may renew talks for a deal if Icahn, who controls about 69 million Yahoo shares, succeeds in ousting Yang and his board.
``Carl Icahn and Microsoft presented us with a `take it or leave it' proposal,'' Chairman Roy Bostock said in the statement. ``It is ludicrous to think that our board could accept such a proposal. We will not be bludgeoned into a transaction that is not in the best interests of our stockholders.''
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Full story at link by Kyung Bok Cho// Bloomberg.comYahoo! Inc., owner of the second-most popular search engine, rejected a restructuring... more
SAN FRANCISCO/SEATTLE (Reuters) - Yahoo Inc (NasdaqGS:YHOO - News) and Microsoft Corp (NasdaqGS:MSFT - News) have failed to agree on a partnership or merger, the companies said on Thursday, sending Yahoo shares down 13 percent.
SAN FRANCISCO/SEATTLE (Reuters) - Yahoo Inc (NasdaqGS:YHOO - News) and Microsoft Corp... more
Yahoo has begun testing Glue Pages, a major new way to present search results that caters to its strength as an Internet portal.
Glue Pages, which the company began offering in beta form to Yahoo search users in India, combine traditional search results with a wealth of other related information. Traditional search results appear in a strip on the left side of the page, while other modules appear that spotlight sponsored links, recipes, medical information, Wikipedia entries, stock charts, Flickr images, train schedules, restaurant lists, news, and even Google blog search results. Yahoo has begun testing Glue Pages, a major new way to present search results that... more
The California State Controller's Office shows that Microsoft owes Yahoo CEO Jerry Yang $3,008.46 in unclaimed dividend checks. The software giant has apparently been mailing the checks to Santa Cruz instead of a Yahoo office in Santa Clara. Is that why Yahoo hasn't yet responded to Microsoft's bid?The California State Controller's Office shows that Microsoft owes Yahoo CEO Jerry... more
Yahoo chief Jerry Yang has revealed the firm's future ambitions for an open and mobile web.
Central to the company's aims is allowing third party software developers to create small applications which can run in Yahoo portals.
The first Yahoo platform to allow these widgets, as they are known, will be Go 3.0, developed for mobile phones.
The search firm showed off applications that allow people to check MySpace, eBay and MTV on the go.Yahoo chief Jerry Yang has revealed the firm's future ambitions for an open and mobile... more
plunged again Wednesday, a day after Congress hammered top executives over the company's cooperation with Chinese officials in the jailing of a pro-democracy journalist.
Shares slumped 7.7% as Rep. Chris Smith, R-N.J., renewed a call for Yahoo to endorse his bill banning such cooperation. Smith said he remained "absolutely bewildered and angered" that the beleaguered Internet portal had not pledged to stop the practice.
At a high-profile hearing Tuesday, Yahoo CEO Jerry Yang and general counsel Michael Callahan apologized to the House Foreign Affairs Committee for misleading Congress about Yahoo's role in the 2004 case against the journalist, Shi Tao. plunged again Wednesday, a day after Congress hammered top executives over the... more
WASHINGTON -- Jerry Yang, the chief executive of Yahoo Inc., apologized to the families of jailed Chinese dissidents at a congressional hearing examining the Internet company's cooperation with Chinese authorities.
Members of the House Foreign Affairs Committee demanded answers from Mr. Yang and General Counsel Michael Callahan after the panel's chairman said last year's testimony by Mr. Callahan about the arrest of journalist Shi Tao was "incorrect."
Yahoo Chief Executive Jerry Yang, right, and General Counsel Michael Callahan, testified on Capitol Hill, where they ran into withering criticism over information Yahoo gave the Chinese government.
"I want to take a moment to recognize the families of the dissidents sitting behind me," Mr. Yang said. "I want to say we are committed to doing what we can to secure their freedom. And I want to personally apologize for what they are going through." WASHINGTON -- Jerry Yang, the chief executive of Yahoo Inc., apologized to the... more
