"From founding this company (Yahoo!) to guiding its growth into a trusted global brand that is indispensible to millions of people, I have always sought to do what is best for our franchise," Yang said in a statement on Monday.
A dot-com billionaire who transformed the Internet space, ends a very high profile career at Yahoo as he decides to step down as the chief executive of Yahoo!
Better known as the co-founder of Yahoo, Jerry Yang made great strides in the Internet industry, was the key to Yahoo's success, in making it one of the world's most popular websites used by about 500 million people worldwide.
His focus on corporate strategy, technology, strategic business partnerships and international joint ventures and recruiting key talent were the key to transforming Yahoo into its present stature. Many believe the company could have remanined the leader in the Internet search space but the company faltered, missed many opportunities, and Yang is perhaps paying the price for some wrong decisions.
The company lauds Yang's efforts, "Over the past year and a half, despite extraordinary challenges and distractions, Jerry Yang has led the repositioning of Yahoo! on an open platform model as well as the improved alignment of costs and revenues," said Roy Bostock, Yahoo chairman in a statement.
However, Yang's rocking career hit many hurdles in the last 18 months leading to his exit. Read on . . .
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Image: A pensive Yahoo! Inc. CEO Jerry Yang. | Photograph: Alex Wong/Getty Images
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