Word: yang
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Dates: during 2000-2009
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...announcement that Jerry Yang will step down as CEO of Yahoo! was welcome news to investors still seething that the founder turned down an acquisition offer from Microsoft earlier this year worth some $46 billion. (After Yang demanded $4 more per share than Microsoft's offer, the software giant walked away.) Yahoo! is in trouble - its stock price has fallen to around $11 from $29 in February 2008 and it's way behind Google and others in the fast-moving Internet innovation game. (The stock rallied slightly upon news of Yang's departure.) Yang, who took...
...born in Taiwan in 1968. His father died when he was a toddler and his mother, an English professor, moved with her two sons to the U.S. in 1978. According to published reports, the only English word that Yang and his younger brother knew when they arrived in America was "shoe." The family eventually settled in San Jose, Calif...
...collapse of the Google deal on Nov. 5 had to be the last straw. Yang and the company he co-founded were without an ally, and his bum's rush was all but assured. But was Google ever a real ally? That is, was Yang suckered from...
...Without Google in Yahoo!'s corner, Yang would never have been bold enough to try and squeeze an extra $4 per share out of Microsoft. By all accounts, he genuinely believed that it was a win-win situation: either he would exact a premium from Microsoft or he would team up with Google, which would sell ads against the world's most-visited website and revive its fortunes. How could Yahoo! lose...
...imagine how Yang felt when Google decided to abandon the proposed partnership earlier this month? What a kick in the head...