InfoAnda - Yahoo co-founder Jerry Yang steps down as CEO

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Protest at Taiwan's main oil refinery | 17 August 2010
Annie Yi displays professionalism on stage but declines media interviews | 23 December 2008
Tweet while you work, urges Australian report | 8 December 2009

Australia: 3 boat people drowned after blast | 20 April 2009

">Forum Views () ">Forum Replies ()

Read more with google mobile : Yahoo co-founder Jerry Yang steps down as CEO

Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular Secondary Navigation Search Search: Yahoo co-founder Jerry Yang steps down as CEO AFP - 22 minutes ago SAN FRANCISCO (AFP) - - Yahoo co-founder Jerry Yang, who earned the ire of many share-holders for rejecting a 47-billion-dollar takeover offer from Microsoft, is stepping down as chief executive of the Internet company. The Sunnyvale, California firm announced on Monday that Yang, 40, who took over as chief executive just over a year ago, would remain in the post until a replacement could be found by the board of directors. "Jerry and the Board have had an ongoing dialogue about succession timing, and we all agree that now is the right time to make the transition to a new CEO who can take the company to the next level," Yahoo chairman Roy Bostock said. "We are deeply grateful to Jerry for his many contributions as CEO over the past 18 months, and we are pleased that he plans to stay actively involved at Yahoo as a key executive and member of the Board," he added in a statement. Yahoo said Yang , who founded the popular Web portal in 1995 at the age of 26 with Stanford University classmate David Filo and became a billionaire when it went public the next year, would remain in a strategic role at the company. Yang said it was time to turn Yahoo, whose share price has plunged during the past year, over to a new leader. "From founding this company to guiding its growth into a trusted global brand that is indispensable to millions of people, I have always sought to do what is best for our franchise," Yang said in a statement. "When the Board asked me to become CEO and lead the transformation of the company, I did so because it was important to re-envision the business for a different era to drive more effective growth," he said. "Having set Yahoo on a new, more open path, the time is right for me to transition the CEO role and our global talent to a new leader," he said. "I will continue to focus on global strategy and to do everything I can to help Yahoo realize its full potential and enhance its leading culture of technology and product excellence and innovation," Yang added. Since taking over as chief executive in June 2007, Yang's stewardship of the company has come in for heavy criticism and his departure could possibly open the way for renewed talks with Microsoft. Yang's rejection of Microsoft's 33-dollar-a-share takeover bid was met with disapproval by many share-holders including billionaire investor Carl Icahn, who led a revolt against Yang and was eventually named to Yahoo's board. A proposed advertising partnership with Internet search king Google fell through this month amid opposition from US Justice Department antitrust regulators. The deal had been expected to earn Yahoo hundreds of millions of dollars in the first year alone. Yahoo has been trading at around 10-12 dollars a share recently. Yahoo closed at 10.63 dollars on the Nasdaq in New York on Monday, a loss of 1.76 percent on the day. In after-hours trading following the announcement Yang was stepping down Yahoo gained 4.42 percent to 11.10 dollars. Michael McGuire, a Gartner Research analyst, said Yang's departure after a year of turmoil was not unexpected. "I don't know how surprised anyone would be," he said. "It seemed clear something needs to happen. The surprise is they made the announcement without Yang's successor in hand." Yahoo said the company was looking at both internal and external candidates to replace Yang and had retained Heidrick & Struggles, a leading international executive search firm, to assist in the process. The news of Yang's departure comes less than a month after the company announced plans to lay off at least 10 percent of its workforce, some 1,400 employees, because of the weak economy. Yahoo's net profit for the third quarter of the year was 54 million dollars, or four cents per share, down from 151 million dollars and 11 cents per share during the same period of 2007. Revenue was 1.78 billion dollars in the third quarter, an increase of only one percent over the 1.76 billion dollars in the same period last year. Yahoo has been losing ground on the Internet to companies such as Google, MySpace and Facebook and the economic slowdown has hurt the firm particularly hard as advertisers cut back on spending. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: Internet Portals & Search Engines Yahoo co-founder Jerry Yang steps down as CEOAFP - 22 minutes ago Wired ... but frustratedAFP - Monday, November 17 World asked to help craft online charter for religious harmonyAFP - Saturday, November 15 Google giving voice to iPhone Internet searchAFP - Saturday, November 15 Related Articles: Technology Yahoo co-founder Jerry Yang steps down as CEOAFP - 22 minutes ago Wired ... but frustratedAFP - Monday, November 17 US media ramps up to cover new White HouseAFP - Monday, November 17 In shift, Microsoft sells software onlineAFP - Saturday, November 15 World asked to help craft online charter for religious harmonyAFP - Saturday, November 15 Enlarge Photo Jerry Yang, Co-Founder of internet giant Yahoo, at an event Georgetown University in Washington, DC. The internet giant has announced that Yang, who spurned a US$47 billion takeover offer from Microsoft earlier this year is to step down as chief executive. Related Photos Slideshow Full Photo Coverage: Internet Portals & Search Engines Related Full Coverage Internet Portals & Search Engines Latest development in the online world All Full Coverage Most Popular – Technology Viewed Citigroup to slash 50,000 jobs, expenses worldwide Exercise, sleep cuts cancer risk: study Earth would be heading to a freeze without CO2 emissions Prince Charles wants to speak out as king: biographer Obama and McCain pledge 'new era of reform' View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology Top Stories Most Popular

Other News on Monday, 17 November 2008
Abbas to press Olmert to maintain Gaza truce
Lion Nathan bids for Australia's Coca-Cola Amatil
Israel lets limited aid into Hamas-run Gaza Strip | International |
French GDP set to contract by 0.5 pct in last quarter: central bank
Sri Lanka army success stirs renewed election talk | International |
Hardline Iraqi cleric bids to kill US pact in parliament
Pakistan meets potential donors for crisis help
US, Vietnam to cooperate on climate change
Hong Kong's main stock index ends flat
Filipino workers remittances rise despite crisis
GM to sell stake in Suzuki to raise cash
Pakistan targets 75 bln rupees from T-bill auction
Pakistani rupee firms slightly after IMF accord
Japan slides into recession, 1st time since 2001
Tibetan exiles play down shift from China policy | International |
Tropical storm hits Vietnam, casualties feared | International |
Taiwan dollar falls in thin trade on economic fears
Japan shares rise but pare gains, economy shrinks
Rival Islamists clash near Somali capital | International |
Flooding in Ethiopia kills 11, maroons hundreds | International |
MySpace Japan bets on world demand for J-Pop | Technology |
ARM, Adobe collaborate on mobile Web browsing | Technology |
Slumdog Millionaire hits jackpot in first round | Entertainment |
Twilight vampire gets Star treatment | Entertainment |
James Bond rules worldwide box office | Entertainment |
Cruise lands Usual Suspects scribe for projects | Entertainment |
Iraq earmarks $3 billion for Baghdad subway
Venezuela, Iran team up on university plan
Congo rebels push north despite Nkunda peace pledge | International |
Main provisions of US-Iraq security pact
Acinetobacter is emerging hospital superbug: study
Officials: Israeli mob boss killed in car bombing
Olmert promises to free 250 Palestinian prisoners | International |
Citigroup to slash 50,000 jobs, expenses worldwide
US-Iraq pact poses test for Iraq's security forces
EU, U.S. warn China on toy safety before Christmas | International |
German car executives go cap-in-hand to Merkel
Worried West Bank settlers try wine and a bus tour
Climate change: emissions from industrialised world still high
Iraq, U.S. sign pact to pull troops out in 3 years | International |
ElBaradei says Syria uranium traces not conclusive | International |
Officials: Israel to free 250 Palestinian inmates
Israel to release 250 Palestinian prisoners
Israelis and Palestinians find peace on the playground | International |
Seoul shares open down; econ worry weighs on techs
U.N. chief raises concerns about Iranians in Iraq | International |
ADB: Local bonds show strength during turmoil
US military deaths in Iraq war at 4,200
Darfur rebels to go to Qatar for peace consultation | International |
A look at Japan's Panasonic and Sanyo
Bolivia's Morales seeks better ties with Obama | International |
Bolivian president says he won't let DEA come back
Green at the heart of Panasonic's bid for Sanyo
New Intel chip faster, matches some AMD features | Technology |
Firefighters gaining ground of California infernos
Japan firm recalls US water
Physicist admits sending US space know-how to China
Pirates hijack Saudi tanker off African coast: US
Bush calls Gadhafi to laud claims settlement deal
DivX sues Yahoo over ad deal | Technology |
Citigroup to slash 50,000 jobs worldwide
HP to extend holiday shutdown to cut costs | Technology |
McCartney hints at mythical Beatles track release | Entertainment |
Cloris Leachman falls ill, now home: spokeswoman | Entertainment |
Bahrain prince sues Michael Jackson in UK court | Entertainment |
Theron joins U.N. fight to end violence against women | Entertainment |
Obama scores ratings high for CBS, 60 Minutes | Entertainment |
Bruce Springsteen to release new album in January | Entertainment |
Australia's The Vines cancel shows due to singer's illness | Entertainment |
CORRECTED: Singer Rihanna drops Indonesia show over security | Entertainment |
British FM says Syria 'essential' to Mideast stability
Israel to keep access to Gaza Strip closed
Hijacked Saudi supertanker spotted off Somalia | International |
Yahoo co-founder Jerry Yang steps down as CEO
Afghan offer to Taliban leader catches US in awkward spot
Auto chiefs on hotseat in Congress
Quake shakes southwestern Iran | International |
Taliban threaten France with attacks: video
EU, U.S. warn China on toy safety before Christmas | International |
Exercise, sleep cuts cancer risk: study
Feds: 2 broke US embargo, sold items bound to Iran
Obama and McCain pledge 'new era of reform'
China miners rescued, little hope for subway workers | International |
China says no plan to send troops to Afghanistan | International |
Taiwan leader sees daily China flights in 6 months | International |
U.N. council considers increasing Congo peacekeepers | International |
Philippine stock index tumbles 3.4 percent
Rioters attack government office in northwest China | International |
Foreign investment in Pakistan down 30 pct July-Oct
Seoul shares drop 4 pct; some banks outperform
Search is on for new Yahoo CEO after Yang steps down | Technology |
South Korean won down 2.7 pct to 3-wk closing low
Global chip makers eye sales drop in 2009 | Technology |
ING's S.Korea insurer to raise $246 mln in capital
National Geographic enters the sea of video games | Technology |
HSBC to cut 500 jobs in Asia as slump takes toll
Asia-Pacific summit to call against protectionism: Peru
Recession fears deepen as Citigroup slashes 50,000 jobs
LG Elec says not infringed Kodak's technology | Technology |
NZ dollar dips on falling stocks; bonds firm
Korea Hot Stocks-Hyundai Corp, Kangwon Land
McCartney hints at mythical Beatles track release | Entertainment |
College football Bowl series headed to ESPN | Entertainment |
Heather Locklear charged with driving offense | Entertainment |
National Geographic enters the sea of video games | Entertainment |
Hollywood writers spill the ink on their craft | Entertainment |
Perfume maker sues musician Prince | Entertainment |
Morris, Herzog make Oscar documentary shortlist | Entertainment |
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01