SEO consultancy<\/a> staff are constantly watching who\u2019s moving about in the sector, so it was big news to learn that the co-founder of Yahoo, Jerry Yang, was packing his bags.<\/p>\nYahoo may have lost some ground recently, being surpassed by the likes of Google, but it still remains an essential web and email service for many people. And it is still a massive provider, and what\u2019s more, is valued at some $20 billion.<\/p>\n
But, given the debacle over Microsoft, it was perhaps not so surprising that Yang has resigned from all positions within the company.<\/p>\n
Yahoo was formed by Yang and David Filo in 1995 and he held the top position of CEO from mid 2007 until early 2009.<\/p>\n
Perhaps the appointment of a new CEO, ex PayPal executive Scott Thompson, hastened the decision, but it\u2019s unlikely that Yang\u2019s refusal in 2008 to accept a $47.5 billion bid from software giant\u2019s Microsoft, can have helped endear him to shareholders.<\/p>\n
It\u2019s highly unlikely that Yang alone was responsible for spurning Microsoft\u2019s advances, but all senior staff, and advisors, who were involved in the no decision, are unlikely to have much credibility left when it comes to corporate decisions.<\/p>\n
To turn down a near $50 billion offer at the onset of the economic downturn, only to find that you\u2019re worth half that nearly four years later, is not a good line for anyone\u2019s CV.<\/p>\n
Companies such as Yahoo are not owned by their management, but investment funds who will readily remind the management of how they were robbed of their profits.<\/p>\n
The only surprise may well be that Yang survived as long as he did, but, free of the corporate choke, he might have some good ideas to exploit. It\u2019s doubtful we\u2019ve seen the last from him yet.<\/p>\n","protected":false},"excerpt":{"rendered":"
SEO consultancy staff are constantly watching who\u2019s moving about in the sector, so it was big news to learn that the co-founder of Yahoo, Jerry… <\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[24],"tags":[],"yoast_head":"\n
SEO Consultancy Sees Iconic Internet Figure Go - Cayenne Red<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n