Jerry Yang stepping down as Yahoo CEO

About time.  Though he did help jumpstart the internet by coming up with Yahoo.

This sums up his downfall:

“Yang, 40, had been pursuing a strategy that he thought would prove Yahoo was worth more than Microsoft was willing to pay, but the rapidly deteriorating economy made a comeback seem increasingly unlikely. As it is, Yahoo’s earnings have been eroding for three years, disillusioning investors amid a management exodus that indicated even Yang’s own troops were losing faith in him.”

MSNBC Article about Yang’s resignation

This could turn out to be a great thing for him.  Perhaps he has another huge idea brewing in his brain… and Yahoo was just weighing him down.


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