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Stories about: Jerry Yang


Yahoo Reports Loss for Q4 2008

While Google accounted for a strong growth in the past fiscal quarter, and with Microsoft failing to meet expectations, missing estimates by $900 million, but still managing to hold its head above water, Yahoo posted a Q4 loss of $303 million. For the fourth quarter of 2008, the company has seen its revenues drop to ...

28 January 2009
04:07 GMT

Carol Bartz - Yahoo Gets New CEO

Back in mid-November 2008, Yahoo debuted the season of CEO harvesting as Jerry Yang announced that he was stepping down from the position of head of the company. On January 13, 2009, the Sunnyvale Internet giant announced that Yang's position would be taken by technology veteran Carol Bartz. With Yang at the hel...

14 January 2009
04:25 GMT

Jerry Yang Is Out, Yahoo Debuts CEO Harvesting

On November 17, Yahoo announced that co-founder Jerry Yang would be stepping down from the position of Chief Executive Officer. However, the Sunnyvale-based Internet giant is not CEO-less. Yang will hold on to the position until his successor will be identified. According to Yahoo, the Board of Directors has already ...

18 November 2008
05:59 GMT

Jerry Yang Accuses Carl Icahn's Lack of Principle

Jerry Yang, CEO of Yahoo!, is not really at ease with the never-ending story of the company's acquisition. While Carl Icahn, the investor who started a proxy fight in order to determine the replacement of the current board of directors - which is unwilling to accept Microsoft's offer -, is in talks with the...

10 July 2008
10:19 GMT

Yahoo Wanted $55 Billion, Microsoft Offered Only $50 Billion

What's $5 billion among friends? Well, nothing more than a deal breaker. $5 billion were more than enough for Microsoft to walk away from Yahoo. Microsoft Chief Executive Officer Steve Ballmer revealed the Redmond company's decision this past weekend following the final round of failed negotiations with the...

5 May 2008
03:39 GMT

Menage à Trois: Microsoft, Yahoo, Google

With the February 2008 $44.6 billion marriage proposal, Microsoft showed Yahoo some tough love, at the end of almost two years of failed private takeover negotiations. The Sunnyvale Internet giant, seen as the only way for the Redmond company to grow its online search and advertising business in the Google near-monop...

10 April 2008
03:56 GMT

Yahoo to Microsoft: "Very Truly Yours"

Yahoo, through the voices of Roy Bostock, Chairman of the Board, and Jerry Yang, Chief Executive Officer, responded to a letter from Microsoft CEO Steve Ballmer threatening a proxy battle and direct contact with the Sunnyvale Internet giant's shareholders, unless the $44.6 billion acquisition proposal is accept...

7 April 2008
08:54 GMT

Wave to the Pretty Search Billionaires!

All you stalkers out there or women (and possibly men) who want to marry rich, here's the perfect opportunity to set your eyes on some of the wealthiest men on the face of the goddamn Earth. The Forbes billionaires list has been released, and should you want to skip the complications of going after somebody with...

11 March 2008
13:11 GMT

Yang Loses the Battle

Joy to the world, or to none at all./ Yang is going to get emasculated/ And every power that he once had/ Is going to be removed/ Is going to be removed/ And all he'll be left with the board is a simple dude. Excuse the poor choice of words and rhymes, but that's all I could come up with when, in awe, I rea...

18 February 2008
06:46 GMT

Jerry Yang Addresses Shareholders

Don't think that after making a point by turning down Microsoft's unsolicited bid, Yahoo! is going to turn up a few aces from its sleeve. That's not going to happen any time soon and, furthermore, it is still playing the same seldom-winning card of taking over companies and then waiting to see which on...

14 February 2008
07:06 GMT

Yahoo!'s Yang's Second Letter to His Soldiers

Working at Yahoo! right now can't be all that exciting, or if it is, it's not in a good way. All the pressure of not being able to do anything about the current situation, declining income, value and all, must be getting to the employees, so Jerry Yang decided to fill them in with what's going on.The e...

7 February 2008
06:56 GMT

Yahoo: No Decision Yet on Microsoft's $44.6 Billion Bid

Just in case you were holding your breath on the $44.6 billion acquisition proposal that Microsoft presented to Yahoo, you can now exhale at your own convenience. The Sunnyvale Internet giant is not in any rush to jump in bed with the Redmond company. Not even by a long shot. On January 31, 2008, Microsoft presented ...

6 February 2008
12:42 GMT

Yahoo! Laying off 1,000 - 2,400 Employees

The date it will all go down, unless a miracle happens and the Yahoo! stock grows overnight to a beautiful sum, is January 29th. The rumors have been first heard in mid-December 2007, when AOL was forced to cut its numbers in a similar way because of low performance by its team.The Silicon Alley Insider was tipped of...

21 January 2008
08:16 GMT


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