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Author Topic: Yahoo Adrift After Yang Announces Resignation As CEO  (Read 1021 times)
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MuffyBee
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« on: November 17, 2008, 11:02:43 PM »

Yahoo Adrift After Yang Announces Resignation As CEO

November 17, 2008: 10:16 PM EST
 SAN FRANCISCO -(Dow Jones)- Embattled Yahoo Inc. (YHOO) Chief Executive Jerry Yang has agreed to give up his position, leaving the struggling Internet giant without a clear leader and increasing the possibility an acquirer might seek to buy it.

Yahoo, which earlier this year was the target of a $47.5 billion unsolicited takeover attempt by Microsoft Corp. (MSFT), said Monday it had hired a search firm to look for a successor to Yang, who co-founded the 13-year-old company while he was a graduate student at Stanford University.
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http://money.cnn.com/news/newsfeeds/articles/djf500/200811172216DOWJONESDJONLINE000693_FORTUNE5.htm
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