Yahoo chief leaves the company

Calcutta News.Net
Tuesday 18th November, 2008

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The CEO of Yahoo, Jerry Yang, has decided to resign.

He has said he will leave the company after Yahoo, the company he co-founded, finds his replacement.

During Yang’s tenure, which only lasted 18 months, Yahoo rejected a $47.5 billion takeover offer from Microsoft and failed to close an advertising partnership with Google.

Wall Street analysts have since questioned whether Yang was the right person to lead Yahoo, saying he had done little to restore confidence for any of Yahoo's shareholders, employees or customers.

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