Yahoo Inc. co-founder Jerry Yang finally faced the music and decided to step down as CEO.
Boy billionaire Yang, as the whole world remembers, had more than a rocky 2008. This year was punctuated by Yang's absolute foolishness and stupidity by his refusal to sell YHOO to Microsoft Corp. for $47.5 billion -- more than triple Yahoo's current market value.
And get this, Jerry had the audacity of saying the following via a statement today: ""I will continue to focus on global strategy and to do everything I can to help Yahoo realize its full potential and enhance its leading culture of technology and product excellence and innovation."
If you want to see how Jerry Yang destroyed YHOO shareholder value, go here.
The following CNET poll got it right when Jerry decided he needed his old job back.
