Yahoo cofounder and former CEO Jerry Yang has left the company in the wake of pressure from shareholders and the appointment of a new CEO earlier this month. Yang announced his departure from all positions at Yahoo on Tuesday. Following the announcement, speculation grew that a general housecleaning at the top is pending. “It’s not unusual to see significant management shake-ups when a new CEO takes the helm, as he brings in the team that complements his or her leadership style and vision for the company,” Challenger, Gray & Christmas’ John Challenger said.
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Yahoo Bloodletting Runs Deep as Cofounder Yang Exits
Posted by: Richard Adhikari January 18, 2012 11:39 AMYahoo cofounder and former CEO Jerry Yang has left the company in the wake of pressure from shareholders and the appointment of a new CEO earlier this month. Yang announced his departure from all positions at Yahoo on Tuesday. Following the announcement, speculation grew that a general housecleaning at the top is pending. “It’s not unusual to see significant management shake-ups when a new CEO takes the helm, as he brings in the team that complements his or her leadership style and vision for the company,” Challenger, Gray & Christmas’ John Challenger said.