Yang Out as Yahoo CEO

Embattled exec's resignation in works for months; he plans to stay on board
By Neal Colgrass,  Newser Staff
Posted Nov 17, 2008 8:18 PM CST
In this Nov. 5, 2008 file photo, Yahoo CEO Jerry Yang listens to a question at the Web 2.0 Summit in San Francisco.   (AP Photo)
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(Newser) – 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.