What Happened on January 17th

Jerry Yang
Jerry Yang
 
Jerry Yang Resigns from Yahoo's Board
Amidst pressure from investors and other board members, Jerry Yang resigns from the board of Yahoo!, a company he co-founded. Yang, who served as the company’s CEO from June 2007 to January 2009, started Yahoo! with David Filo in 1994 while both were graduate students at Stanford University. Initially created as a web directory, Yahoo! grew quickly and became one of the most popular web portals in the late 1990s. In a move supported by Yang, Yahoo! rejected a multi-billion offer from Microsoft to take over the faltering corporation. A few years later, Yahoo! was worth less than half of Microsoft’s acquisition offer.