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Yang To Step Down As Yahoo! CEO
Forbes.com: Technology News —
... the stockholders were the ones who walked away from Yang. Yahoo!'s shares were trading at $10.63 Monday, down more than 60% since Yang took over as chief executive and well below the $31 per share Microsoft offered to pay for the portal in February, before months of dickering that ultimately went nowhere. Consultations between Yang and the Yahoo! board about his position have been going on for "some time," said a Yahoo! spokesman. The news broke on AllThingsDigital, which ran the memo from Yang to his troops. ...
Yahoo CEO Jerry Yang stepping down
VentureBeat —
... Kara Swisher of AllThingsD has also obtained Yang’s memo to the company. Here’s an excerpt, featuring Yang’s famous fear of capital letters: ...
Breaking News: Jerry Yang To Step Down As Soon As Board Can Find Replacement
paidContent —
BoomTown reports that Yahoo (NSDQ: YHOO) CEO Jerry Yang will step down from the post as soon as the board finds a suitable replacement.
Check out the best business jobs in digital media. Go here for paidContent.org Job Board.
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Yang Is Forced Out At Yahoo - No Question About It
Furrier.org - John Furrier's Personal Blog —
... re-envision the business for a different era to drive more effective growth. Having set Yahoo! on a new, more open path, the time is right for me to transition the CEO role and our global talent to a new leader. I will continue to focus on global strategy and to do everything I can to help Yahoo! realize its full potential and enhance its leading culture of technology and product excellence and innovation.”
Internal Memo from Jerry Yang to all employees
Kara Swisher has the internal memo from Jerry Yang to fellow Yahooers… This is ...
Jerry Yang to step down as Yahoo CEO
Boy Genius Report —
What a long strange trip it’s been. Mark this one as done folks - Yahoo has officially announced that Jerry Yang will step down as CEO of Yahoo. Yang has been at the helm of what can only be described as a sinking ship since June of 2007. His moves have been made under a microscope, his decisions have been questioned by just about everyone with a keyboard and he has been the subject of much criticism, to say the least. What’s done is done though and suffice it to say we definitely do not envy whoever the appropriately-named executive head ...
Yahoo's Yang Steps Down, Leaving Microsoft, Google to Gobble Share
Google Watch —
It's hard to stand by a waffling, ineffective leader.
Jerry Yang has stepped down from his position as Yahoo's CEO and the company's board is looking for a replacement, the company said late Nov. 17.
Yang will return to his former role as Chief Yahoo once Yahoo finds a successor to help the company turn around its fortunes in what will be an unenviable task to some, but a welcome challenge to others. AllThingsDigital's Kara Swisher has more, including Yang's letter to employees, here.
This news, which should boost Yahoo's languid stock ...
CEO Jerry Yang Stepping Down from a “Stronger” Yahoo - Seriously?
Andy Beal's Marketing Pilgrim —
... As you’d expect, Yahoo tries to put a positive spin on what has become a nightmare situation for the company. What you might find hard to swallow is Yang’s personal email to Yahoo employees. It actually includes the following statement (emphasis added): ...
Is exit of Yahoo's Jerry Yang too little, too late?
TechBlog —
... , which also has posted a copy of Yang's memo to employees : last june, i accepted the board's request that i assume the ceo role to restructure and reposition the company as a whole in order to more effectively meet the fast-changing needs of both users and partners. since taking on the ceo role, i have had an ongoing dialogue with the board about succession timing. thanks in large measure to your tireless efforts, we have created a more open, competitive yahoo! and we believe the time is now right to transition to a new ceo who can take the company to the next level. ...
Yang Is Done
Tech Observer —
... Yang for most of Yahoo's history has been more effective as the company's spiritual leader -- or "chief Yahoo," which is his official title. He'll go back to that, and help the board find a replacement CEO. Kara Swisher got hold of Yang's memo about the change to employees, and as Yang says (writing, as usual for him, without capitalization), "i will always do what i think is right for this great company." ...
Jerry Yang To Step Down As Soon As Yahoo Board Finds Replacement
mocoNews —
... ) CEO Jerry Yang will step down from his post as soon as the board finds a suitable replacement, and BoomTown broke the story. The ...
Some Ideas for a New Yahoo CEO Initial Actions
Profy —
... In a memo sent by Jerry Yang to all Yahoo employees to announce his decision Jerry told that “the time is now right to transition to a new ceo who can take the company to the next level.” It is hard to argue that but what can we consider to be the next level for a company like Yahoo and exactly in the position Yahoo now is? I have a few thoughts of my own about what the new Yahoo CEO should do not to disappoint both shareholders and passionate users any longer and I would love to hear your thoughts in the comments as well. ...
Yang resigns as CEO, search is on for new Yahoo chief
Betanews —
... , BetaNews November 18, 2008, 8:40 AM "i will be participating in the search for my successor, and i will continue as ceo until the board selects a new ceo," reads a memo to Yahoo employees from the man who this morning is flying the white flag. As first reported by Kara Swisher in ...
Yang! Out as Yahoo! CEO
Internet Evolution: —
... . In traditional Yang fashion, he sent a mostly-lowercase email to employees yesterday (or "all yahoos"), saying he'd be helping out in the search for a successor, after which he will resume his previous role as Chief Yahoo: "all of you know that I have always, and will always bleed purple. i will always do what I think is right for this great company," he wrote. After the year he's had at Yahoo, that won't be the way history is written for Yang, who is often blamed for destroying a deal with ...
Memo to Yahoo: Don’t Sell Now, Here’s the Gameplan
WatchMojo.com Business & Technology —
- Jerry Had to Go
Founders make great CEOs early on. Sometimes, they make great CEOs when they return. But that is the exception and not the rule. Usually they focus on one aspect of a company and leave the operational details to someone else. For example: Hugh Hefner decides if a woman’s boobies look good to make the centerfold, but he does not decide the company’s strategy.
- Don’t hire anyone named Sue, Marc, etc.
The list of people that is brandied about is ridiculous: Sue Decker ...
Jerry Yang to Step Down
Alice Hill's Real Tech News - Independent Tech —
... lead the transformation of the Company, I did so because it was important to re-envision the business for a different era to drive more effective growth. Having set Yahoo! on a new, more open path, the time is right for me to transition the CEO role and our global talent to a new leader. I will continue to focus on global strategy and to do everything I can to help Yahoo! realize its full potential and enhance its leading culture of technology and product excellence and innovation.” Boomtown also had the entire contents of Yang’s memo to his “yahoos,” as he liked to call ...
Yahoo seeks new prince to take the purple reins
GMSV —
... in a memo to the troops , telling them, “All of you know that I have always, and will always bleed purple. I will always do what I think is right for this great company. While this step will be an adjustment for all of us, I know it’s the right one.” He exits not only bleeding, but battered into a stunning shade of aubergine after months of public pummeling for passing on a Microsoft buyout and failing to firm up a viable alternative strategy as the stock tanked (see “ ...
Dan Lyons Says Kiss My Ass and Quits Blogging
The Inquisitr » Technology —
... Lyons slammed All Things Digital’s Kara Swisher for touting an “exclusive” that Yang was stepping down — an exclusive that was posted five minutes before Yahoo’s official press release — and then emailing other reporters who failed to note that she “broke” the story. Those highly amusing posts are gone from his site too. ...
"Purple" Problems at Yahoo
Tech Observer —
... What should the new C.E.O. tackle first? We asked you in a poll, and most of you say Yahoo should re-open talks Microsoft above all (51 percent), followed by removing Sue Decker (17 percent) and revising the Google ad deal (15 percent). The two remaining agenda items we listed were "ditch the purple" (a thematic Yahoo-culture color--Yang's stepping-down memo noted that he "will always bleed purple") and "acquire AOL's portal business." Oddly, twice as many voters (12 percent) saw the purple as a problem than did those (6 percent) who thought the new C.E.O.'s best bet would be to ...
A New Chief Yahoo: Carol Bartz
Technologizer —
... (Terry Semel) and its cofounder, who helped invent the Web as we know it (Jerry Yang) in the CEO slot. Maybe it makes sense to try someone who’s simply a solid business executive. Assuming Bartz is indeed stepping in, another shoe will surely drop: You gotta think that Yahoo will still be forced to sell itself off in chunks or in its entirety, merge with another company, or sharply focus its ambitions. If Bartz has the gig she was presumably hired in part on the strength of whatever future for Yahoo she articulated. Stay tuned…
