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Old 18th January 2012
Beastie Beastie is offline
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Join Date: Jan 2009
Location: /dev/earth0
Posts: 291
Default Cofounder Jerry Yang leaves Yahoo

Quote:
Jerry Yang is exiting the Yahoo! Inc (YHOO). board and its management team, the latest casualty of an overhaul that led to the ouster of Chief Executive Officer Carol Bartz and left the company in search of strategic options.

[...]

Yang, 43, whose company helped pioneer Web content and searching in the 1990s, exits Yahoo as it struggles to compete with Google Inc. (GOOG) and Facebook Inc. for online users and advertising dollars. As it seeks ways to revive the company and placate impatient investors, Yahoo has considered selling its stakes in its Asian partners, including Alibaba, and has fielded proposals from private equity groups to sell a stake in itself.
Read the full article here.
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