Yahoo! Shakes Up Top Management

Yahoo! has not commented on any specific departures, but characterized the exodus as "attrition that's to be expected in the Internet industry."

A cloud of uncertainty has hung over Yahoo! for quite some time, but it has been exacerbated in recent months by the on-again, off-again discussions with Microsoft(MSFT Quote - Cramer on MSFT - Stock Picks) about a possible merger.

Microsoft says it is no longer interested in the merger, and Yahoo! revealed a couple of weeks ago that it has rejected the software giant's bid to buy its search business, a decision it defended in a letter to shareholders on Wednesday.

Shares of Yahoo! were down 2.4%, or 53 cents, to $21.48 in recent trading.

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