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Yes its quite true that Yahoo announced late on Monday that Jerry Yang, would step down from his role as soon as the board finds a replacement with a new CEO.Yahoo has hired executive search firm Heidrick & Struggles for evaluating best candidates for the top post.The most probable reasons for this big change is the shareholders his failure to agree to a deal with Microsoft.
Do you really know that Yahoo decided to step down Jerry Yang as Yahoo CEO?
What is the role of Jerry Yang as a CEO in Yahoo?
Jefferies & Co analyst Youssef Squali in a research note says that
“Jerry’s resignation as CEO reflects failed promises he made while fighting off Microsoft’s offers, and the board’s displeasure with his go-it-alone strategy”
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