Yahoo’s Yang to step down

18 Nov 2008

Yahoo CEO Jerry Yang is stepping down. Yang’s recent tenure has been tumultuous to say the least. He was at the helm during the company’s rejection of Microsoft’s $47.5 billion takeover offer as well as the failed advertising deal with Google.

Wall Street seems to be pleased. Yahoo stock was up more than 4 percent in after-hours trading yesterday.

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Brian Blum

Brian Blum covers the U.S., Canada and Israel for Classified Intelligence Report, and contributes to our special reports and research projects. Originally from San Francisco and now based in Jerusalem, he has been with the AIM Group since 2004. He is the president of Blum Interactive Media, specializing in writing and multimedia content development for online, print, video and audio. His clients include newspapers, universities and non-profits. He is currently working on a book about the billion-dollar bankruptcy of a once high-flying Israeli startup.