Yang to Step Down as Yahoo CEO
November 18, 2008
Yahoo co-founder and Chief Executive Jerry Yang will step down after the company finds a replacement, closing a tumultuous and short tenure during which Yahoo rejected an offer from Microsoft's to buy it. His impending exit leaves much unresolved for the Internet company, which has been fighting a battle to remain independent for months. The move could pave the way for Yahoo to complete a deal with Microsoft.
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