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Woman of the week |
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Cannes President
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Talented Isabelle has been appointed as the president of the Cannes jury for 2009. She is the fourth woman to head this committee...
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Today's Celebrity |
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Producer Jessica Biel
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Jessica Biel’s co-production ‘Hole in the Paper Sky’ is set to release in Australia. This actress who wore the producers cap for the first time, loved hopping around the sets making coffee for the crew.
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Jerry Yang
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Written By:
Smriti Sharma
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Few months back, after a lot of evaluation and thinking, Co –Founder Yahoo Jerry Yang decided to wear the coat of CEO. He desired to make a change at Yahoo and believed that he could. Today, he has brought along a modification in Yahoo, a change so big that the entire word is reading about it. Jerry Yang has brought about a change for a new CEO.
The Yahoo Group feels it’s the right time for a new leader to guide the beleaguered Internet search pioneer.
Under the leadership of Yang there have been a series of tumultuous chapters that have hit Yahoo. As a leader this forty year old, failed to spark the required turnaround that companies like Apple Inc, Dell Inc and Starbucks Inc witnessed once their legendary founders or early leaders returned to the top job. In comparison to all their rival, Yahoo has reeled under maximum looses. It shares trade just above $10, less than a third of Microsoft's best offer six months ago for Yahoo of $33.
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Born in Taipei, Taiwan on November 6, 1968, Yang shifted base to California at the age of ten, with his mother and brother. At the venerable age of two, he lost his father. He graduated from Sierramont Middle School, and Piedmont Hills High School. Then went on to receive his B.S. and M.S. degrees in electrical engineering from Stanford University, where he was a member of Phi Kappa Psi fraternity. In April 1994, along with a friend David Filo, he launched a directory of other websites titled "Jerry's Guide to the World Wide Web". This directory was later renamed to Yahoo!
In his blog, Yang offers this assessment of his CEO tenure over the past 18 months:
Ever since founding Yahoo! with David Filo 13 years ago, I've been passionate about this company, its brand, its employees, and the millions of people around the world who consider it their online home. That's why I accepted the Board's request to become CEO in June 2007, taking on the challenge of transforming Yahoo! at a time when the industry was evolving quickly and we needed to rethink and restructure our business.
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And despite the tough external environment that we face, I truly believe we've made tangible progress in bringing our strategic vision to life. Most significantly, we've rewired our entire network to create a Yahoo! that has opened its doors to outside publishers and developers. We've launched an advertising platform that we think will transform how ads are bought and sold online. And we've continued to grow our audience -- standing first or second in more than 20 product categories and demonstrating that Yahoo! is the place users turn for major events like the Olympics and the Elections.
And now I believe the time is right for us to bring in a new leader -- someone who will build on the important pillars we've put in place and who will take the reins on the critical decisions our company faces.
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Yang notes he will continue to serve as CEO until a successor is named. Then he will resume his role as Chief Yahoo, working on global strategy and improving the company's products and their development. Yang will also continue to serve on the company's board of directors.
In closing, Yang writes: “It's been an extraordinary year here at Yahoo! -- for all of us. I'm really proud of the determination and resilience of Yahoos around the world that are so committed to giving you the best Internet experience possible. It is for them and for you, that I will always bleed purple.”
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Send Your Query
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Posted :
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20 Nov 2008
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