Tag archive: Yang

Yahoo has a new chief executive as Carol Bartz replaces Jerry Yang, but it’s now looking for a new president. In the wake of the appointment, Sue Decker announced she’d be resigning from the post as soon as a replacement can be found. Decker, who served as president under Yang and his predecessor Terry Semel, was believed to be a candidate for the chief executive post at one point, according to Vnunet. However, her loyalty to… Read More

The king is dead, long live the…queen. Yes, after a search, Yahoo has named a woman, Carol Bartz, to replace company co-founder Jerry Yang, who’s stepping down as chief executive after a year of controversy. It was Yang who turned down Microsoft’s takeover offer of $47.5 billion, worth $33 a share, only to see the price of Yahoo stock tumble to $12. Although Microsoft did return with an offer to buy Yahoo search, no… Read More

Back in June 2007 Jerry Yang, co-founder of the company, stepped into the chief executive role at Yahoo. Now he’s stepping down, leaving a company battered by the economy, a failed ad search deal with Google, and full of controversy about the rejection of the aborted Microsoft takeover. In an e-mail to employees, Yang, who’s reportedly worth $1.7 billion, said: "I will always do what is right for this great… Read More

Speaking at the Web 2.0 Summit in San Francisco the day Google announced it was pulling out of a proposed search advertising partnership, Yahoo CEO Jerry Yang says his company still wants to do a deal with Microsoft, and even went so far as to say that the best thing for Microsoft to do would be do buy Yahoo. But any offer Microsoft makes for the company now would be well below the $31 per share it offered back in February 2008…and… Read More

A court case involving the Police & Fire Retirement System of the City of Detroit and the General Retirement System of the City of Detroit has brought some interesting documents to light – ones that could prove very embarrassing for Yahoo boss Jerry Yang.  It appears that as early as January 2007 he and the Yahoo board turned down an offer from Microsoft, this one of a hefty $40 per share, and the documents would seem to… Read More

Yahoo boss Jerry Yang has told the BBC that he doesn’t feel “under pressure.” That’s in spite of having to delay the annual general meeting and a threat by investors to replace the board following Yahoo’s rejection of Microsoft’s $47.5 billion takeover bid. Actually, he says it was Microsoft who broke off those talks over price. But Yang claims the two companies are still talking, with Yahoo listening… Read More

After Microsoft walked away from Yahoo at the weekend, the search giant’s shares took a bruising, falling $4.30 to$24.37. Big investors who’d wanted to sell at $34 weren’t happy, and Yahoo chief Jerry Yang made placating noises to Microsoft.   According to Reuters, Yang claimed to have “mixed feelings” about the weekend’s outcome, when Microsoft left the negotiating table.   "We were… Read More

The Microsoft-Yahoo idea is history now, but that leaves the California search giant looking to possibilities for thefuture.  Yesterday Chief Executive Jerry Yang sent out an e-mail to employees that was reported by Reuters:   "We have a spirit and a culture inthat is uniquely Yahoo. Staying true to who we are has helped us pull through the recent uncertainty we've faced."     However, some shareholders are… Read More

To those Yahoo shareholders whose eyes glistened with money signs when Microsoft made its much-publicized acquisition offer two weeks ago, Yahoo CEO Jerry Yang says the best is yet to come. In a letter sent to Yahoo investors on Wednesday, Yang explained the company’s rationale behind the decision to turn down the offer, and gave reasons why the company will succeed even without the software giant’s backing. According to… Read More

Saying that the company faces a tough year, Yahoo CEO Jerry Yang has confirmed the company will be cutting 1,000 jobs as the company fights to restore profits and regain its competitive edge. Yahoo currently employes about 14,300 people; Yang did not disclose where the job cuts would hit. Yahoo's quarterly financials (PDF) reveal that fourth quarter profits at the Internet giant have fallen 23 percent to $205.7 million, compared to… Read More

For the sixth quarter in a row, Yahoo reported a fall in profits, with the second quarter coming in at $161 million, down by $3 million over last year.   The company has also lowered its fullyear income forecast by $200 million, blaming weak display ad sales. All this has led to a fall in Yahoo shares, which have declined by 30% since 2006, as Yahoo struggles to compete against Google.  But last month saw a new management team, under… Read More

Just days after Jerry Yang replaced Terry Semel as CEO, Yahoo has spent a reported $100 million to buy Rivals.com, hoping to broaden its base among college sports fans – and college sports, of course, are big business.   Although the deal has Yang’s signature on the papers, negotiations began while Yemel was still in charge. But, said Yahoo senior VP Scott Moore,   “Jerry is very excited about it.”   In… Read More

Internet giant Yahoo has announced that company co-founder Jerry Yang has been named the company's new Chief Executive Officer, replacing Terry Semel who will step into a role as non-executive chair of Yahoo's board of directors. Semel came to Yahoo as CEO in 2001 as the dot-com bubble burst and Yahoo was facing a nadir of its online businesses. Semel led the company in a significant turnaround; however, he has been facing… Read More

Yahoo today announced they were expanding their presence in China as they inked a long term agreement with Chinese e-commerce company Alibaba.com to form a strategic partnership. The Yahoo China brand, as part of the deal, will be rolled up under a new entity. This new entity, Yahoo said, will consist of Alibaba's various sites as well as Yahoo China and Yahoo's interest in 1Pai. This new combination will create one of the… Read More