Submission + - Jerry Yang to Step Down (wsj.com)
metlin writes: "Yahoo founder Jerry Yang just announced that he would be stepping down as Yahoo's CEO. He would be returning to his title as Chief Yahoo once a suitable replacement is found. He fell out of favor with investors after he spurned moves from Microsoft, which offered up to $33/share. Today, Yahoo's share is down to $10.63, from $19 when Microsoft made its bid. Given the news, Yahoo's stock rose 4% in the after hours trading. The board is on the lookout for a new CEO, and names being proposed include AOL's Jon Miller, former eBay CEO Meg Whitman, former Yahoo COO Dan Rosensweig, News Corp. COO Peter Chernin, former Microsoft executive Kevin Johnson, who recently joined Juniper Networks as CEO and current Yahoo President Sue Decker, the only internal candidate."