Yang exit would show Yahoo! is serious about a deal
Submitted by admin on Friday, 11 July 2008No Comment
Tags: carl icahn, ceo, co founder, inc, intention, investor, jerry yang, proxy fight, unsubstantiated rumors, yahoo, yahoo inc, yhoo
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YHOO) was quick to shoot down unsubstantiated rumors that CEO Jerry Yang was stepping down on Wednesday. It wasn’t the first time such reports have cropped up, and it probably won’t be the last. While we’ll take Yahoo!’s word, for now, that Yang has no intention of resigning, it’s certainly not out of the realm of possibility that the company’s co-founder could choose to abandon his post. Within the next couple of weeks, Yahoo! should have a pretty good idea how it’s doing in its proxy fight with activist investor Carl Icahn.
Source: Tech Confidential
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