Jerry Yang

Yahoo Seeks New CEO

Yahoo SmileyCan you save Yahoo from its fallen stock price, its hemorrhage of talent, its loss of a Google deal, its damaged credibility from Jerry Yang’s backpedaling, and its utter humiliation at the hands of Steve Ballmer? Then get your resume ready, because Yahoo is hiring a new CEO!

Yes, that’s right. After having him as CEO for only seventeen months, Yahoo’s board has finally realized founder Jerry Yang is too wishy-washy to lead. Click here to continue reading “Yahoo Seeks New CEO”…

Microsoft to Yahoo: Not Interested

Microsoft CEO Steve Ballmer's TongueThings are starting to look really, really sad for Yahoo CEO Jerry Yang. First, Google leaves him at the altar of their search advertising deal, rendering him without a mighty groom to fend off a Microsoft takeover.

Next, he suddenly changes his mind in favor of a Microsoft takeover, denying everything he fought for through most of the year.

Now, Microsoft CEO Steve Ballmer puts another nail in the coffin of Yang’s Christmas.

Speaking at a Committee for Economic Development of Australia lunch in Sydney on Friday, Ballmer said: “Look, we made an offer, we made another offer. It was clear that Yahoo didn’t want to sell the business to us, and we moved on.”

Ballmer said other deals with Yahoo had also been unsuccessful. “We tried at one point to do a partnership around search, not advertising. That didn’t work either, so we moved on, and they moved on.”

“We are not interested in going back and re-looking at an acquisition,” he said. “I don’t know why they would be either, frankly.”

When discussing the failed takeover, which if successful would have been one of the biggest takeovers in IT history, Ballmer said “they turned us down at $33 a share, move on.”

What’s worse than throwing away your dignity as founder of the world’s second largest Internet giant? Having it thrown back at you by the twenty-fourth employee of the third largest Internet giant.