Internet search engine Yahoo is looking for a new CEO. The current chief executive, Jerry Yang, is stepping down. Yang co-founded the company, but he's only been CEO for a year and a half. During his short tenure, he infuriated shareholders by stopping a deal with Microsoft, which offered to buy Yahoo for $31 a share. Yahoo's stock price is now trading at a third of that. With Yang leaving the corner office, some say a deal with Microsoft is inevitable. Yang will have a seat on the board.
Yahoo Founder Jerry Yang To Step Down As CEO
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