Yahoo co-founder jerry Yang has resigned from the company and SEOs, Wall St. Analysts and common investors all saw share prices begin to immediately rise. Maybe it is because Yang who helped give birth to yahoo has been trying to kill it off like a cancer the past several years. There is little denying that yang has been a consistent roadblock on the way to modernizing Yahoo, getting away from a bunch of hack writing teenage bloggers masquerading as journalist contributors as a cheap labor pool and finding a CEO that didn’t want to be grossly overpaid to put up with yang’s idiotic behavior – whether that hire was a good fir or not.
Yang was behind one of the dumbest and tackiest firings ever when CEO Carol Bartz was sent packing via a phone call. He blew a chance to sell out to Microsoft for billions and likely save Yahoo from being the pit of shame it has turned into. He is also responsible for trying to get in on the ground floor of micro logging only to take that overboard and decide that is people liked 160 characters on a niche subject, they’d like a 160 words better. Instead of a small inefficient twitter before twitter existed, Yang brought the world those cruddy micro logs that are outsourced to anyone willing to work for pennies. A move that did not work.
With Yang gone, Yahoo has a chance to be almost relevant again. The big problem is getting a new CEO, because it is now no secret the one they have is not who they really want. Ding Dong, that Yang is gone. Maybe Yahoo will live to see 2015 now.