Jerry Yang the co-founder of Yahoo! Will step down as the chief executive of the internet giant, ending a 17-month long turbulent tenure which saw him rejecting a takeover bid from Microsoft . Yang decision to step down follows months of criticism from various quarters on a range of issues including his move to shun Microsoft 47.5 billion$ buyout offer.
However, the 40 year old Yang will return to his “former role as Yahoo! Chief”- the position for corporate strategy once the successor is appointed and will continue in the company board. Both internal and external candidates are being looked for replacing Yang.
it is sad to see yahoo in decline.
in my opinion no company can thrive without actual products and services - microsoft has xbox, zune, and of course office and windows while yahoo involves in never finalyzed beta projects with unclear business model e.g.: jumpcut. Yahoo could however follow the hardware path themselves - there is plenty of SoCs that could be used...