Why Yahoo decided to step down Jerry Yang as Yahoo CEO?
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”