Jerry Yang is stepping down as Yahoo's CEO after a short and embattled tenure, Kara Swisher reports on AllThingsD. He will remain on the company board and retain his old "Chief Yahoo" title, as well as help find a replacement. The board and Yang have chewed over the move for months, but publicly Yang said he planned to continue with changes implemented during his 18-month tenure.
Sources say Yang's replacement will be an outsider and not Yahoo President Sue Decker. Likely candidates include News Corp. COO Peter Chernin, ex-AOL chief Jon Miller, and ex-eBay CEO Meg Whitman. Microsoft, which attempted a hostile takeover of Yahoo in February, made no comment today. As for why he's resigning: "Did-he-walk-or-was-he-pushed speculation will no doubt be rampant," Swisher writes.