Yahoo! CEO Jerry Yang Resigns

18th November 2008

After successfully bringing his company’s stock price down from almost $30 to $11, putting off a bid from Microsoft that would have added tremendous shareholder value and laying off thousands of employees, Yahoo! CEO Jerry Yang has finally handed in his resignation today.

News of the announcement drove the share price up 11% at the start of trading, adding $1.8 billion in shareholder value to YHOO.