Jerry Yang was yahoo's co founder, an outfit he started in 1999



Yahoo co founder Jerry Yang steps down as Chief Mucker Upper at the troubled search engine machine outfit. Though the dude has had his ups and downs as co founder, like going from frying pan to fire which of course is normal but this time it's happened so many times on his watch so i guess they felt he should call it quits.



For a while the heat has been on the mangement as shareholders were beginning to protest outsite yahoo HQ. However, Mr Yangs exit came up two weeks after Yahoo appointed Scott Thompson it's new CEO.

This is partly because Yang is one of the people who is rumoured to be making a bid for the company himself, although it is not clear at this point if that cunning plan is going ahead.

Report from Reuters,
One of his most silly decisions was turning down an overpriced offer for the company from Steve Ballmer. Ballmer was lucky that the deal fell through as it would have cost Microsoft an arm and a leg and ended up losing the company a lot of money. However Yahoo and its investors would have been laughing all the way to the bank.

Microsoft's bid was worth about $44 billion. Its share price was subsequently kicked to death following the failure of the deal and its current market value stands at about $20 billion.

Yang blocked it because he did not like Microsoft very much and felt that the company would do fine on its own. Of course it didn't.

The company did not say where Yang was headed or why he had suddenly resigned. CEO Thompson told employees practically nothing.

It is not as if Yang and his less public co-founder David Filo, both of whom carried the official title "Chief Yahoo," are going away. Both own sizeable stakes in the company. Yang owns 3.69 percent of Yahoo's outstanding shares, while Filo owns six percent as of April and May 2011.

Yang said he was leaving to pursue "other interests outside of Yahoo" and was "enthusiastic" about Thompson as the choice to helm the company. He is also quitting from the boards of Yahoo Japan and Alibaba Group Holdings.

Morningstar analyst Rick Summer told Reuters that Yang was an impediment toward anything happening. Yahoo was mired by a bunch of competing interests going in different directions. It was never clear what the board's direction was.


Check it out  http:///ROyrUdsY

http://dealbook.nytimes.com/2012/01/17/yahoos-jerry-yang-resigns-from-board/

the guy was hated by all the shareholders, its about time he took a bow!

How does it concern Nigerians? Can Nigerians recieve fuel through yahoo mail?

lol

How is this my business? The guy is worth $1.3 Billion.  

about time

shareholders hated him

Blackteeth:

How does it concern Nigerians? Can Nigerians recieve fuel through yahoo mail?

How e no go concern you, when you dey yahoo++ people all over the world you no know? Jonathan and diezani never yahoo fuel money finish?

I like yahoo mail hope it doesn't collapse

love yahoo mail

Blackteeth:

How does it concern Nigerians? Can Nigerians recieve fuel through yahoo mail?

Iyaf die! LOOOOOOOL! BlackTeeth na wereh!

Man! One day, my business will be worth $44 billion dollars!!!! That is absolutely crazeeey. Big biz!!!

@blackteeth, must it be fuel all everytime?

Yahoo headquarters in Sunnyvale

He should take it in good faith, it happened to Steve Job of Apple, He was once threw out of his own company. This is a lesson for our own Seun, He must always strive be the best at all time before someone sacks him from his Nairaland.

see analogy.

^^^HAHAHAHA

You go fear "linking" now.

Yahoo makes much of its bucks in US and US coy wanted to acquire it and they block it. It has been sacking / retiring after and yahoo loses shares. One day one day, it will be 99% American owned coy. Nice idea, I remember when Yahoo was launched in late 1998 as a search engine only and then grows in 2000 to webmail service and ors. What a memory, I remember using Computerserve dial-up then in late 90s. Happy how things turn. Even the name will soon be changed. Let see how the ball rooll.

It's just a matter of time before Yahoo company takes a cue from jerry yang.