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Jerry Yang: Yahoo’s $2 Billion Man

by John Paczkowski
Posted on November 18, 2008 at 8:15 AM PT

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We believe Yang’s departure will be viewed positively by investors as there was lingering distrust following the aborted Microsoft takeover. Most importantly, we believe the CEO chosen to replace Yang will likely reveal whether the company intends to continue to try to compete on its own or look for an acquirer.”

– Piper Jaffray analyst Gene Munster

In the end, Jerry Yang’s decision to step down as Yahoo’s CEO was the best thing he’s ever done for the company. With Yang’s tenure at an end, Yahoo’s stock is finally beginning to recover from a nasty and overlong tailspin. Yahoo (YHOO) rose over 14 percent in early trading today.

So, after a troubled 17-month tenure marked by failed mergers, shareholder acrimony and investor outrage, Yang was finally able to do right by the company he helped found.

He added nearly $2 billion to its market cap by surrendering the CEO reins.

Print Post to Twitter Comments Tagged: Digital Daily, John Paczkowski, Yahoo, | permalink
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  • Sam Harrison
    yang should be sued by shareholders for his breach of fiduciary duty to maximize shareholder value
  • Mark Light
    Uh, Sam, perhaps you should become an attorney. It's never going to happen, so drop it already. Or, better yet, sue yourself. :)
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About John

John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »

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