November 18, 2008
Founder Jerry Yang Giving Up CEO Position at Yahoo!
So Jerry Yang is leaving his CEO role at Yahoo, staying as a board member and "Chief Yahoo." Speculation leads to another Microsoft deal? Steve Ballmer was pretty clear that Yang was an impediment in doing a deal. The price may be right with Yahoo stock way down from earlier in the year. The problem is the economic downturn adds a layer of difficulty in pulling enough cash together to make a deal. Not that Microsoft is hurting for cash. The credit markets may be just a bit iffy these days for some merger deals. It might take a bit more effort to put a deal together. Now we wait for Microsoft to indicate whether or not the interest is there. Whatever happens, it will not be business as usual at Yahoo. That's probably a good thing.
November 18, 2008 | Permalink
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