January 17, 2012: Jerry Yang Resignes from Yahoo!
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2012 – Yahoo! had some turbulent times from 2007 when founder Jerry Yang was CEO. Of course the big debacle being the Microsoft bid, which took over 9 months to settle with Carl Icahn being a major instigator.
Add to that the 2007 incident of the arrest of Shi Tao and Yahoo’s stance. Tao was arrested for divulging trade secrets and Yang put out a statement saying “We have to comply with Chinese Law”.
During this whole time, Yahoo shares were declining. Yang was replaced in 2009 by Carol Bartz, but remained on the board until 2012 when Yang fully resigned from all positions in the company.
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