Yahoo says Yang will step down as CEO

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November 18, 2008

Yahoo says Yang will step down as CEO November 17th, 2008 SAN FRANCISCO (MarketWatch) — Yahoo Inc. said late Monday that embattled Chief Executive Jerry Yang will step down, and the company’s board of directors is seeking a replacement. Yang will remain as a Yahoo board member and will resume his role as chief Yahoo, the Internet company said. Yahoo has struggled to mount a turnaround and regain investor confidence, following its failure to reach a merger agreement with Microsoft Corp. earl
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