CEO Jerry Yang announced Monday that he step down after a year of turmoil and half of the implementation of the Internet giant.
Yang, 40, said in a personal message that is itself as a CEO, a product replacement is found, then return to his old job as head of Yahoo. It remains on the board.
Yang, as CEO short early in the company's history, in this work in June 2007, when Terry Semel resigned.
Yahoo! CEO Jerry Yang declines to talk to a journalist on the 26 annual Allen & Co. conference in Sun Valley, Idaho July 10, 2008. (Xinhua / Reuters Photo)
Yang told analysts resignation was canceled because of increasing anger on Yahoo investors, who say, Yang, a serious mistake by rejecting the offer from Microsoft to 33 U.S. dollars for the purchase of a share of Yahoo.
Yahoo action has slipped in value since the rejection. It closed Monday at 10.63 dollars per share.
In addition, the company is three quarters of declining sales and announced a staff cut 10 percent of employees in 1500, in October.
There was speculation immediately if signals starting Yang, it is possible that Microsoft Deal May revitalize. But chairman of Microsoft, Steve Balmer, said he is not concerned for the purchase of all of Yahoo.
Microsoft has been to comment on the developments Monday.
Yahoo, the Internet at a power almost overnight after its founding in 1994, was created by Yang and David Filo, students at Stanford developed a new type of Internet search.
The store grew quickly and after a short Stint as CEO, Yang occurred aside to be head of Yahoo, a supporter of the company and a source of creative thinking.
In recent years, but Yahoo has stumbled and was eclipsed by the new rival Google. But in defense of the attempted takeover of Microsoft, it seeks a new search with Google. , From fell earlier this month by the U.S. Department of Justice said it would be an action for the thing.
"I have always tried to do that, what is best for our franchisees," said Yang in the communication.
"If the House asked me, as CEO and transformation of the company, I voted yes because it was important there again, the company eyes to another era effectively driving the growth. With Yahoo! About a new, far more open, the time has come for me the role of CEO transition and our global talents to a new leader. "
Yang said he would continue to strategy and do everything he could, for Yahoo! "To identify, to realize their potential and their culture of technology and product excellence and innovation".
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