Jerry Yang's Annus Horribilis
Should he be or not be the CEO?
That is the question many are asking this week about Jerry Yang, the Yahoo co-founder and chief executive who’s marking his first anniversary in the top job.
Like Shakespeare’s Hamlet, Yang has suffered “the slings and arrows of outrageous fortune” since he soundly rejected Microsoft’s offer to buy Yahoo at an initial 62 percent premium. He, along with the directors on the board, infuriated many shareholders with their hard stance against selling the company, and by then forging a search deal with nemesis Google that further alienated Wall Street.