Yahoo! Co-Founder Jerry Yang Resigns From Company
Silicon Valley giant Yahoo! Inc. announced today that Jerry Yang has tendered his resignation, 17 years after co-founding the company. Stock prices of the beleaguered company rose slightly following the announcement.
Yahoo has seen a decline in revenue in recent years, and has been struggling to compete with other online companies for advertising dollars. Yang gained some notoriety among shareholders in 2008 when, while he was serving as CEO, the company rejected a multi-billion dollar deal to sell to Microsoft.
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