Google Yahoo Deal in TROUBLES - YANG Exits
Yahoo! Inc. Chief Executive Officer Jerry Yang is on a exit due to pressures from investors after talks with Microsoft failed and also online advertising agreement with Google Inc.
Yang - 40, will remain until Yahoo findd a replacement. Yang joined Yahoo ( 13yr old company) in July 2007.
According to the situation in Yahoo has been worse due to which the board members have tried to appoint a new CEO who can take company to next level. Sources state that the company has hired Heidrick & Struggles International Inc. to find a new CEO.
Google has called of the deal due to U.S. regulators threatened a lawsuit to block the partnership, saying it would give Google too much power.
Yahoo share at close price : $ 10.63.