Yahoo co-founder Jerry Yang is leaving the struggling Internet company, as it tries to revive its revenue growth and win over disgruntled shareholders under a new leader.
The departure, announced Tuesday, punctuates the end of an era at Yahoo, a tarnished Internet icon that has spent much of the last decade scrambling to catch up to Internet search leader Google Inc. — a company that got early encouragement and advice from Yang. It comes just two weeks after Yahoo Inc. hired former PayPal executive Scott Thompson as its CEO.
Thompson is the fourth CEO in less than five years to try to turn around Yahoo. It's a daunting assignment that Yang was unable to pull off during his own tumultuous 18-month reign as the company's CEO in 2007 and 2008.
Yang, 43, endorsed Thompson in his resignation from Yahoo's board of directors. He had been on Yahoo's board since the company's 1995 inception. Read more...
Doubt may now be the default for assessing Hewlett-Packard's choice of CEOs.
After the ousting of Leo Apotheker, and before that Mark Hurd and Carly Fiorina, HP's board looks shaky when it comes to appointing its top executive.
It was no surprise then that financial analysts were tough on HP's board during a conference call Thursday to hear why Meg Whitman, the former CEO of eBay, was picked as HP's new leader. They wanted details about the selection process and the timeline behind the decision to replace Apotheker.
Ray Lane, HP's executive chairman, was on the defensive about the board's decision-making and, at one point, his frustration showed. Read more...