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

WASHINGTON - NOVEMBER 06:  (FILE PHOTO) Yahoo!...

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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”

Honey Singh

Honey is a web evangelist having work experience in Social Technologies, Blogging, Web-Development and UI Designis. Honey commonly blog on Honeytechblog and popularly known as "honeytech".

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