Today's Outrage: Yahoo!'s Yang Gets Yanked
Jerry Yang's exit from the CEO role at Yahoo! (YHOO) was inevitable.
The big question is why Yahoo! is even bothering to look for a replacement. Surely
Microsoft
(MSFT) - Get Microsoft Corporation Report
will want to put its own cronies in charge. Isn't that inevitable, too?
Yang fought Microsoft's overtures and the $33-per-share takeover offer,
have dropped to about $10, and now Yang's stepping aside. That's no coincidence.
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Personally, I feel bad for Yang. He never had a fighting chance. The
collapsed out from under him as the crisis in the
engulfed everything in its path. The
is now heading straight into recession, and online advertising is shriveling up.
Yahoo! may well have been better off without Microsoft. But it looks like we'll never know.
